Folkestone & Hythe District Council has purchased the former Folkestone Racecourse from Cozumel Estates. The announcement means that the Council will now progress the proposed garden town as master developer.
The purchase includes the freehold of the former racecourse and several houses, a total of approximately 200 acres and also includes the ability to purchase neighbouring farmland of a further 440 acres.
Otterpool Park is a proposed garden town near Folkestone in Kent. The masterplan for the innovative scheme comprises 50% green space, up to 10,000 homes and community facilities, delivered in phases over 30 years.
In 2016, the Council and Cozumel Estates entered into an agreement to develop plans for the garden town. As part of the Government’s garden communities programme, the project has attracted funding from the Ministry of Homes, Communities and Local Government (MHCLG) and Homes England.