SWBCKB how much do you actually think Peel were going to get for land with planning permission for 350 houses on it? Bearing in mind Peel would probably brought in a specialist house builder. I would say £25m would of been very optimistic.
Let's say it was, with the debts to other Peel companies and loss of £2m a year £25m would not of lasted long.
Realistically Peel would of been in no better position with the airport and all a housing development would do is eat into valuable land, create more complaints and restrict any future expansion... If Peel were ever serious at running the airport.
Peels claim that the housing would of saved the place and paid for investment in the airport is laughable.
All it ever was was the prelude to closure.