Following last week’s posts, we are now two days into Week Two of the Public Inquiry into the Compulsory Purchase Order for Wards Corner.
Tuesday was largely taken up with Grainger’s witness on the viability of the market, in both the planned Grainger schemes and in the Community restoration plan. There was much discussion of costs per square foot in rent in the various options, with forensic analysis and projections. The rents will be temporarily slightly reduced by the S106 order in the Grainger plan, this follows Boris Johnson’s intervention in 2008 after he visited the market and the boarded-up upstairs space the day before the mayoral elections. Grainger’s plans at that stage Continue reading