Thought the same thing!Again - great set of photos!
It's surprising the amount of spare ground that we can't normally see around the area, another world really.
It could be but even at that it is an unemployed asset that has a cost associated with it that will be passed along in price or taxes depending upon ownership. In industry we have a metric "asset utilization" be it money, plant & equipment etc., if they are idle someone pays, they have to work. It's not easy I might add when you have something like the speedway, idle for 9 years?Could it be something to do with land ownership ?
I don’t know when that was but here back in early 90’s we were required to conduct what is called a phase 1 environmental ground study. I’m sure you have something similar. If you passed and they were/very strict you were good to go, fail and you had to more work and develop a remediation plan including time and ££££. In the Smith & Nephew (almost went to work for them in the US) case it sounds like a delaying or negotiating tactic. If the land is contaminated it needs to be remediated at the cost of the current owner. I have personally been an expert witness and rectifier on three sites, all successfully concluded!I used to work across the road from a Council depot and when it closed down it was years before they built on it. The reason I heard was that they had to wait in case there was any ground pollution. I think it was the same reason that it took over 10 years for them to build on the old Smith & Nephew site in Alum Rock.
Yes, it's the same with any area that's had a petrol station on it but I think maybe that's just 7 years?I used to work across the road from a Council depot and when it closed down it was years before they built on it. The reason I heard was that they had to wait in case there was any ground pollution. I think it was the same reason that it took over 10 years for them to build on the old Smith & Nephew site in Alum Rock.
The remediation depends upon phase1, or first phase findings are. There are some fairy tales regarding time. It depends on what the contamination is: printing ink, petroleum, plastics and adhesives are amongst the very worst.Yes, it's the same with any area that's had a petrol station on it but I think maybe that's just 7 years?