Re: Re: P&D Act 2000 – Is compensation still set at existing land use value
Home › Forums › Ireland › P&D Act 2000 – Is compensation still set at existing land use value › Re: Re: P&D Act 2000 – Is compensation still set at existing land use value
A reasoned argument.
The reality in practice is that it is all about the zoning; the term existing use goes no interpretation other than the zoning of the land on the day that the landowner is notified of the intended purchase.
For example if a local authority served a notice to treat on a developer who was landbanking residential development land the authority would have to offer what another developer would pay for a similar tract of land as development land. There is no provision for a local authority to acquire land that is zoned for residential development at agricultural use value.
The case in Loughrea a few years ago where the local UDC rezoned land from agricultural to industrial in the full knowledge that the specific land would be CPO’d immenently for a road bypass is about the only major flaw in the current system.