The Morrison development scheme
Like Cllr Lambert I've attended two presentations by the developers courtesy of the BCC.One area of disquiet to me was the bizarre rental or discounted access scheme to new residents for parts of the scheme. The percentage of properties involved wasn't clear.After a prescribed period the rent goes up 2% per month ( yes every month) for a number of months to align the rent to a commercial level. If the residents cannot meet the new obligation they would have to leave.We need to wait until the full details of this scheme are published. The developer say they've operated this scheme elsewhere. Whether this scheme is designed to initially meet their affordable housing obligation is not clear. I've never heard of such a potent operation.John
John Todd ● 3186d0 Comments