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Layer Road: From Fortress To Freebie!

Layer Road: From Fortress To Freebie!

The value of Colchester`s former football home, Layer Road, has halved inside a year because of the failing economy and flat housing market.

Until last summer, the ground was a fabled location of the League One club. Now, despite the potential for property development, Colchester Borough Council is nervous about letting go of the land.

This is because, according to an EADT report out this week, prospective site owners might simply buy the plot with a view to making back the £3 million-plus that the Council had hoped it could recoup.

"The plan was to sell it to a private developer, but the value is falling and falling. And even though we continue spending money on maintaining it, it is looking more and more dilapidated," said cabinet member, Nigel Offen.

The Essex County Standard however revealed last Friday that the area could become care housing for the elderly, instead of solely a privately-owned residential spot.

Those plans were first considered publically in February 2009 and it is understood that the Council is keen to incorporate the estate into a redevelopment of the town`s Garrison.

Layer Road was first declared for sale in May 2008, two months before the club were due to leave for the new £14 million Community Stadium.

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Writer:Matt_Us
Date:Tuesday July 14 2009
Time: 12:00PM

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2 Plymouth 32 19 5 8 62 17
3 Carlisle 33 15 13 5 58 8
4 Portsmouth 32 16 7 9 55 19
5 Luton 33 14 12 7 54 18
6 Exeter 33 15 6 12 51 16
7 Colchester 33 14 8 11 50 8
8 Mansfield 33 13 11 9 50 5
9 Stevenage 33 15 4 14 49 2
10 Cambridge 32 13 7 12 46 4
11 Wycombe 33 13 7 13 46 -2
12 Barnet 33 11 12 10 45 -3
13 Morecambe 32 13 6 13 45 -6
14 Grimsby 33 12 8 13 44 -1
15 Blackpool 32 10 13 9 43 12
16 Crawley 32 12 6 14 42 -10
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18 Crewe 33 8 12 13 36 -12
19 Cheltenham 33 8 11 14 35 -9
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23 Leyton Orient 33 8 5 20 29 -16
24 Newport 33 5 11 17 26 -16
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