Town council accept £600,000 payout for Costain park damage
Five year legal row has come to an end
NEWBURY Town Council has accepted a £600,000 payout from Parkway developer Costain after subsidence damage to Victoria Park.
Without admitting liability, Costain have agreed to pay to the council the six figure settlement, including all legal costs.
Cracks and subsidence in the park and surrounding area appeared shortly after Costain conducted water extraction works when building the Parkway shopping centre’s underground car park in 2010.
Dave Goff, the Leader of the Council said: “I’m pleased that this issue has finally been agreed and I am looking forward to seeing
Victoria Park restored to its full glory.”
For the full story, see this week's Newbury Weekly News.