Campaigners were greeted with excellent news yesterday, as we obtained a copy of a letter to Iris Johnston and Thanet District Council, signed by Stephen DeNardo, the CEO of Riveroak Investment Corporation.
Riveroak have firmly put their intentions and plans to support the council’s CPO on paper. This would include full indemnity for the council, and all costs covered by the company. This was backed by extensive legal advice and research by the company and independent experts.
Riveroak have been in contact with various companies, including a major aircraft manufacturer and a low-cost airline to jump start the airport.
Campaigners are celebrating the good news, but we continue to work to ensure action continues on all fronts. Thanet District Council cabinet will meet on 31st July to continue the CPO process.
The full letter can be read here.