
Open market information is commercially confidential, says Council
When the Archery Ground was allowed to add another five flats recently, the Affordable Housing adjustment (compensation) was calculated as £96,667.50. The formula is explained in Policy H3 of Hastings Borough Council (HBC) and the sum is derived from Open Market Value (OMV). A Freedom of Information request on the calculation was refused on the grounds of commercial confidentiality. How can Open Market Value be confidential? Bernard McGinley reports on more evidence of mismanagement.