| sense
say that the NSE should use the land released by reducing the number
of on-site care residents from 250 to 152 to underpin the development
cost of new residences for the remaining residents. This could be
by the NSE:- |
| 1 |
Selling
off the excess land for retirement/care homes and applying the capital
to fund the building costs, or |
|
| 2 |
Doing
the development themselves so as to anticipate increased demand for
residential care. If appropriate, a separate entity (like NSE Enterprises)
could be established to manage matters. Any financing could be secured
on the retirement/care homes. |
|
| |
|
| In
either scenario: |
| 1 |
The
footprint of occupied land on the Green Belt is not increased, and |
| 2 |
The
Greenfield area adjacent to Tate Road remains undeveloped, to the
benefit of all. |
| |
|
| |
sense
say this makes sense. |
