LDA faces £3m bill in Olympics row

Posted in News on Wednesday, 05 March 2008

By Dan Thomas

The London Development Authority could be forced to pay up to £3m in costs after failing to justify an attempted compulsory purchase of land next to the 2012 Olympic Games site.

Neptune, a property developer, successfully fought off the inclusion of its six-acre London plot in the Olympic Games Compulsory Purchase Order, which has been used to bring together the site for the games. Neptune was awarded costs at the end of last month and is seeking up to £2m for its legal and professional fees, with an additional £1m being sought by tenants on the land.

The level of costs will be agreed in the High Court at a future date. The LDA had proposed to use the land as a relocation for a bus depot, but this was contested by Neptune as inappropriate.

"This is an outrageous waste of public resources, pursuing an unsuitable site when there were three other alternatives already available," said Patrick Heffron, managing director of Neptune.

Copyright © Neptune Group 2015.

Website by Elm House Creative