Why are people talking about a trust deal or bid? - it’s complete fantasy - unless the judicial review proceeds and confirms WNC did not follow due process - until that happens (and it’s a very big if) the land is already sold for £2.05 million to CDNL - perhaps someone could enlighten me on why there is so much chatter on something that is currently very far from reality - how can there be reports that WNC are considering the “bid” when the situation is not actually open to bids?
This is purely my own thoughts but surely it comes down to the ACV and the fact the council has to consider any formal bid submitted under this process. They don't have to accept it but have to follow due process. Two things were detailed as issues by the council regarding the original proposal with Goodwill. The leases on the land and the potential loss of the overall development deal with CDNL if the ACV land was sold seperately. So you mitigate the second point by offering to buy the whole thing for £3m. Solves one of the councils issues.
Agree about the judicial review but that won't negate the ACV process and the right to bid.
Should the judicial review find fault I highly doubt the Trust and partners have the capability and would want to compete with Cilldara which is another thing that makes me nervous.
...To add to this after thinking further. Maybe the Trust bid is for the ACV land but contains an offer to buy the whole dev land if CDNL withdraw their bid as could happen if the ACV land deal goes against them. Of course it's all speculation though until the Trust Board find the password to the website and release that long awaited statement.