Folkestone & Hythe Council and Cozumel Estates agree deal for land purchase
6th February 2020
Folkestone & Hythe District Council has today completed a purchase of the former Folkestone Racecourse site, land owned by Cozumel Estates at Otterpool Park.
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.
In 2016, the Council and Cozumel Estates entered into an innovative agreement to develop plans for the proposed garden town. With important milestones reached – including land assembly and the submission of the outline planning application – the project has advanced to a stage where the Council will now progress the project as master developer.