ARGYLL and Bute Council and South Cowal Community Development Company have agreed a two-week extension to the Castle Toward right-to-buy process – which had been due to expire tomorrow (Saturday).
But there seems to be no end in sight to the stalemate of the council offering a £1m loan, which the community group cannot afford to repay, and the so-far refused request to accept a new commercial valuation of £850,000 for the estate.
SOUTH Cowal Community Development Company has today (Wednesday) formally declined the offer of a loan from Argyll and Bute Council to part-purchase the Castle Toward estate.
Community company chair Alan Stewart (above) e-mailed the council with its rejection of the offer after a meeting of SCCDC directors last night.
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