When the Conservatives took over running the Civic Centre and NDDC in 2007 there were two Tesco deals on the table.
One store is in Barnstaple, on the Seven Brethren. The former administration was willing to accept £3,250,000 from Tesco for the site. The Conservatives were then elected and settled for £7,750,000 from Tesco! That store is now built and trading.
The other Tesco deal was for South Molton. Tesco already have an option on some land in South Molton. However, to build a decent sized supermarket Tesco need further land that is owned by North Devon District Council. The idea was sell this land to Tesco for £3,250,000.
Your Conservative Councillors continued to support this plan until 2010. New information was then received that a review of this deal may possibly obtain better value for money for the folk of North Devon. It was then thought a legal challenge from Tesco may ensue if negotiations were halted. Further advice to the Conservative Councillors was that Tesco could always challenge but this new situation could be robustly defended. On that basis your Conservative Councillors decided they would not negotiate with Tesco further.
The ball was started rolling by agreeing to have the permanent sheep pens removed; these are opposite the cattle market this would free up more land. However, at this point the elections for NDDC were now due and therefore we could not take this further until after the election.
Our plan was to carry out a complete review of the area and then consult residents on their views.
Of course we would not get the money from Tesco and the project could take 3 to 4 years to bring forward. Howeve,r we were confident that one of the other supermarket giants would be very interested.