CPO likely to push Blackpool housing regeneration forward
Summary
Blackpool Council is preparing to use compulsory purchase powers to complete land assembly for the first phase of a major housing regeneration scheme around Central Drive. The council says negotiation alone is unlikely to secure all remaining interests, and the scheme is backed by £90m from Homes England to support acquisition, demolition and redevelopment.
Why it matters
Compulsory purchase activity can materially affect valuation, acquisition strategy and redevelopment timelines, particularly where multiple property interests must be assembled. Surveyors working in residential regeneration, valuation or acquisition will note the scale of the land assembly and the potential implications for affected owners and surrounding stock.
Key points
- Blackpool Council has completed or agreed terms for 111 properties in phase one.
- A further 64.2% of property interests in the 13-acre site remain to be acquired.
- The council may use compulsory purchase powers if negotiation does not secure the remaining interests.
- The first phase aims to clear the site and deliver 230 new homes.
- Homes England has provided £90m, with £55m earmarked for acquisitions and demolition.
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