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COUNCILS TO COMPETE FOR DISCOUNTED LAND IN NEW TOWNS

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The Commission for the New Towns is to offer prizes of cheap or free land to councils and their private sector part...
The Commission for the New Towns is to offer prizes of cheap or free land to councils and their private sector partners in a competition announced yesterday, the Financial Times reports (p8).

The commission, which is responsible for developing publicly owned assets in 21 towns in England, is asking councils with new towns in their area to submit plans for housing, commercial or leisure developments by March 1994. Winners will receive land at less than its market value.

The competition is designed to speed up the sale of commission land, of which the largest remaining areas are in Milton Keynes and Telford
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