Airport agrees runway compensation
15.07.10
Manchester Airport has agreed a compensation package with residents over the opening of its second runway, the Knutsford Guardian reports. More than 330 householders lodged compensation claims over the runway, which opened in 2002, for the decrease in value of their homes. A multi-million pound lawsuit – to be heard by the Lands Tribunal – was due to take place in September but this will now not go ahead.
A spokesman for Hugh James Solicitors, which represents the residents, told the newspaper: 'We can confirm that we are working with Manchester Airport to resolve compensation claims of residents in Knutsford and Mobberley whose property values were affected by the construction of runway two. We have reached agreement and are in the process of making recommendations to our clients concerning payments.'
‘It has taken a lot of time and effort on both sides to reach this position and we are pleased that local residents will now receive their compensation, without having to go through a lengthy trial.’ A spokesman for Manchester Airport said it had reached a ‘mutually acceptable solution’.
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