Stormont struggles to offload 97 acres of housing land

Stormont

The Stormont Executive is struggling to offload 97 acres of housing land in Ballymena.

The Department of Social Development said it is still for sale, one month after a deadline passed for sealed bids.

A spokeswoman said the land at Ballee did attract offers "but not near the right price".

The site was acquired by compulsory purchase in 1970 but never developed.

In 2007 the DSD was offered £50m for the site - but as it valued the site at £75m, no deal materialised.

It is understood a valuation done a year ago said the land is now worth about £9m.

More Northern Ireland stories

RSS

Features

  • A painting of the White House on fire by Tom FreemanFinders keepers

    The odd objects looted by the British from Washington in 1814


  • Chris and Regina Catrambone with their daughter Maria LuisaSOS

    The millionaires who rescue people at sea


  • Plane7 days quiz

    What unusual offence got a Frenchman thrown off a plane?


  • Children testing a bridge at a model-making summer school in Crawley, West SussexSeeding science Watch

    The retired professor who turned village children into engineers


  • Krouwa Erick, the doctor in Sipilou town at the border of Ivory Coast and Guinea - 27 August 2014Bad trip

    The Ebola journey no-one in Ivory Coast wants to take


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.