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The loophole costing a man $2 million

Patrick Streeter at his farm in Great Hallingbury, Essex.

IT’S fair to say that Patrick Streeter is a patient man.

Back in 1999, he won a $2 million payout from Stansted Airport following an expansion project because the noise from planes flying over his $4 million home had halved its value.

But it has been almost 20 years and the 69-year-old British farmer and accountant hasn’t received a penny of it, due to a ridiculous reason.

He claims airport bosses are exploiting a loophole which means that they don’t have to pay him until all work on the airport is finished.

Mr Streeter claims to have been informed that he cannot receive any money simply because white lines haven’t been painted on one strip of the airport, and a fuel pump is waiting to be installed.

A map showing his proximity to the airport.

A map showing his proximity to the airport.Source:Supplied

“One of their clever lawyers saw a loophole and realised that if the work isn’t finished they don’t have to pay out,” Mr Streeter told the UK’s Telegraph.

“They’ve got round it by not quite completing an area where the aeroplanes are parked. It’s 95 per cent completed but they haven’t painted white lines and installed a petrol pump so they won’t pay out.

He’s still waiting for the money.

He’s still waiting for the money.Source:Snapper Media

He said that due to the “noise and fumes” his property, a 13th century farmhouse with seven bedrooms spanning four square kilometres, has halved in value. He claims the constant sound of the planes makes the place unbearable to live in.

“They owe us this money but they’re evasive actions have meant we haven’t had a penny.”

Time for more action?

Time for more action?Source:Snapper Media

Mr Streeter is now considering suing the airport in order to receive his compensation.

A Stansted Airport spokesman said: “We are aware of Mr Streeter’s application and the matter is being consulted by MAG (the airport’s owner).”

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Quang

Quang

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