Guy's! why do you keep on considering the interaction between an active airport & housing when actually there wont be an issue as the place will have closed !
The only issue is as to how long Peel will be forced to maintain a licenced runway for aircraft dismantling.
At this rate KL will see out their contract & then they will be off too, as there simply wont be any pax, even if they don't get lost in housing estate side streets in trying to find the place.
On another tack I can suggest as to just how ridiculous this all is
. Say you are a pax looking for a car parking space, then there would be many residents happy to capitalise on their location & quite prepared to rent out their drives / garages for £30 - £40 p.w. or more
The whole scheme is as has been said already, only about one thing, how much money can Peel extract from the site development & absolutely nothing about contributing to the long term benefit of the local ecconomy. But then you really can't blame them, Peel were and still remain the same animal they were when they bought the place - property developers, there were simply too many stupid enough to be taken in and sell them the place in the first place.
The old american comedian W C Fields quotation sums it all up "Never give a sucker an even break !".