Originally Posted by
Brewster Buffalo
What will any interested party gain from waiting for the CPO - which will take months? The council will have to pay market value for the site just as any interested party would have to do now..
I suspect that market value as determined following a CPO may be less, and certainly no more, than would be achieved where interested parties may be in competition. It would almost certainly go the distance in terms of dispute mechanisms for CPO compensation - The Lands Chamber of the Upper Tier Tribunal then the Court of Appeal - but in the meantime the CPO would still be effective and possession taken.