Originally Posted by
OMGitsDAVE
The Tees Valley Mayor, Ben Houchen has just been live on Facebook from the airport. He is giving Peel £35m to purchase their share of the airport back, and stop the housing development. He is vowing to stop the housing development and not a 'single home will be built on the airport site' - while also taking the airport back in to the local authority's hands.
From the Gazette website - doesn't actually say where the money is coming from, or what the opportunity cost is:
Mr Houchen said as the money for the proposed deal is from central government, it would have "zero impact" on council tax bills, public services and local businesses.
Mr Houchen continued: "You will not have to pay a penny extra to finance this acquisition.Our valued public services will not be affected by this deal. Our councils will be completely insulated from this deal. The housing will be stopped. Our other priorities will still be delivered – and won’t be impacted by this deal."