Lime Street Area

[Howie]

These people aren't only offered money, they are also offered new premises. The reason they are

offered a pittance is because their properties are only worth a pittance, although I wouldn't call £120,000 a pittance when they are also being offered

alternative premises aswell!

I don't know the details of the Lime St. offers but don't expect they differ too much from those in other areas.

Admittedly the offers to businesses have not been as derisory as those to individual homeowners. This is a case I know of from the Kensington area - offered

£38,000 - independently valued at £59,000 - eventually settled at £58,000 - had to pay £89,500 for another property - result £31,500 out of pocket.

As

to properties only being worth a pittance - that in many cases results in a large part from the regeneration activity itself.