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So the penny seems to be dropping, with the Conservative opposition at any rate, that the planned Dome sale to the Legacy group (still on the cards at the time of writing) is a thoroughly rotten deal for the taxpayer. The indecent haste with which this proposal has been 'negotiated' in the wake of Nomura's departure is evidence of carelessness rather than accident.

If the Dome and its adjacent site were owned by a property company they would obtain planning permissions. This would send the value of the site rocketing.

So why doesn't the government give itself permission for development, on the scale of Canary Wharf opposite, except much more residentially inclined?

The sale could recoup every penny of the public money expended on this curate's egg, Astragal has been told by one insider. No wonder developers are queuing up. They know a bargain when they see one.

Any cut-price deal should be subject to judicial review.

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