Has the deal the Town struck to dispose of Bay View Holiday Park got a nasty sting in the tail?
I have learned that there are several conditions in the contract that might severely reduce the amount the council eventually receives. One condition is that up to 600,000 pounds each year will have to be returned to Darwin if it is prevented from raising the site fees by the Owners' powerful Association. That condition is for three years, so in theory as much as 1,800,000 pounds could be reclaimed by Darwin. And up to 50,000 pounds can be recovered by Darwin for legal costs it incurs in pursuing this.
Swanage's 7,250,000 sale price could be less if these rebates occur, as low as 5,400,000. And we don't know the sums that Swanage incurred in disposing the site, including legal and survey fees.
Questions should be asked.