"Thanet council is expected to take no further action in looking for an indemnity partner for the compulsory purchase of Manston airport - but has claimed two groups are interested in buying the site.
Five were received by the deadline of February 9.
The interested parties were then given until February 12 to respond to a follow-up questionnaire.
Three of these were deemed valid.
But Thanet council did receive interest from other parties, prompted by the CPO soft market testing process.
Thanet council says that group is backed by sovereign wealth funds and potentially public sector pension funds and is considering investing up to £150million. This would be subject to a feasibility study showing that investment in the airport makes economic sense.
Another party also wanted to express interest in acquiring the site and was also directed to talk to Stone Hill Park bosses
In a report due to go to Cabinet members on June 16 Director of Corporate Governance Tim Howes states: "Based on the assessment one can draw the conclusions that in terms of the key lines of enquiry, the market cannot deliver on the council's requirements; there is no established market which is able to deliver, or an adequate number of operators; the market has no capacity to deliver the requirements and there is no cost or other benefits in taking this matter further."
"East Kent Chamber of Commerce have also been involved in engaging this potential new investor and the chamber and ourselves continue to engage with those who would make investments in Thanet."
Cllr Wells said the outcome would be down to market negotiations between the would-be investor and Stone Hill Park.
This is what regulation 6 of those regulations require to be submitted when a notification is made regarding an EIA, such as the notification submitted by BDB on behalf of RiverOak.
(3) A request or notification under paragraph (1) must be accompanied by—
(a)a plan sufficient to identify the land;
(b)a brief description of the nature and purpose of the development and of its possible effects on the environment;
(c)such other information or representations as the person making the request may wish to provide or make.
Seems like RO aren't keen on disclosing which bit of land they want to compulsorily purchase. Is it because they don't know (which would be amazing after 2 years)? Or are they trying to hide something?
SMA's fall out continues