Thanet council cabinet poised to reject plans to team up with RiverOak

By   October 28, 2015

manston

Thanet council is to reject plans for a compulsory purchase order for Manston airport. A report to the council’s UKIP cabinet says the authority does not have sufficient assurances about the finances of its potential partner, RiverOak, an American investment company. It says the lack of assurances would present too much of a risk to the council and taxpayers.

The news will come as a major disappointment to campaigners and could trigger a crisis for the Ukip-controlled council, which could see even more defections among its members. It has been welcomed by the owners of the site – renamed Stone Hill Park – who said they plan to progress with plans to turn it into a manufacturing park supporting 4,000 jobs.

Negotiations over a possible compulsory purchase order (CPO) have been going on for several weeks but relations between the council and RiverOak have become increasingly strained.

For the full article click here.

Cross-post from Kent Online.

 

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