A bit of history. Back in 1973 the Committee on the Price of Building Land chaired by High Court Judge, Mr Justice John Kenny, published a report, known as The Kenny Report, that recommended that local authorities be given the power to buy development land using a CPO at its existing value plus 25%.
It was a response to rising land prices and the difficulty in developing strategic infrastructure and was seen as a compromise between the rights of the community and the rights of landowners...