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Salford City Council has received its biggest-ever single boost of income in its 47-year history.
The golf course, which is owned partly by Manchester City Council, was sold for £39.8 million and comes with approval for 677 homes to be built.
Bellway Homes, the new owner of the site, is not obligated to create affordable housing in the area.
Salford Council assistant director Peter Openshaw said the new homes will be higher value than originally planned.
He said: “Whilst there’s no obligation from a planning perspective to provide affordable housing, they’ve said they will sit down with us to see what’s possible.
“It’s not factored into their plans at the moment, but they are willing to talk on a no-commitment basis to us.”
Originally, Countryside Properties were going to buy the 27-hectare sight in 2020, however, the deal fell through after a price could not be agreed upon.
City mayor Paul Dennett said: “It is unfortunate that outline planning consent has already been granted on this, but it’s reassuring that the developer is up for having that conversation with us about affordable housing.
“Hopefully we’ll get somewhere there to further improve all of the metrics you’ve just shared with us.
“As you know, I’m one of those people who likes to have my cake and eat it.”
The council is expected to make £1.1 million from taxes every year from this development.