John Prescott\’s idiocy lives on:
The Liverpool mayor\’s cabinet on Friday approved progress on what the council calls \”exciting and ambitious plans to deliver the comprehensive transformational regeneration\” of the area, by agreeing to accept the lowest bid to destroy about 440 houses, according to protesters, though planning permission has yet to be formally granted. The scheme, to replace these with a little more than 150 new houses, has been submitted to the council by one of the city\’s housing associations, Plus Dane, using at least £15m in taxpayers\’ money.
The real gahstly stupidity of the whole thing is that if you simply offered these houses on the open market then they would be bought and refurbished:
\”I\’ve done the calculations. They can refurbish a house for up to £30,000, and there\’s a good market for them to sell at £80,000.\”
Thus each one standing has a residual value of £50k. But they\’re going to knock them down.