Originally Posted by
Hipennine
Well if I was lending money to them secured against land, and they wanted to stick houses on it, I think I'd be delighted. Remember that the charge is security against a bed debt, In this case, by building houses, the value of the security increases many times compared to the original so I'd be very happy. However, I don't know what conditionalities are attached to the charges.
Re the Middlesbrough outstanding charge shown on the airports accounts. It applies to the St.George Hotel from what I can see in the accounts. There are no current plans to build on the hotel site, just around it.
I wonder why this charge hasn't been discussed in the public council chambers given the public concerns about Peel and the airport.
There are over a 100 public comments under the Gazette article today.
https://www.gazettelive.co.uk/news/t...r-buy-15498932