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Westferry Printworks, why did MHCLG allow developer to offer so little compared to other developers?
In The Times this quote from @mhclg that a 3 day delay "could impact on the viability of the development" as would then have to pay £40 million approximately of CIL
1/
But if you compare to other nearby recent schemes that also include land for schools (my table)
They offer 35% affordable housing + pay CIL + provide land for schools
But Westferry, no CIL, only 21% affordable housing + land for school
Printworks site more attractive, by docks
2/
Thames river views, walking distance to Canary Wharf & mudchute farm etc etc
Land acquired cheaply years ago for printing
So why can it deliver so much less then nearby similar schemes & need this extra financial help from MHCLG?
The Times article here
thetimes.co.uk/article/questi…
3/
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