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With the current system, there would be too much money lost and all that would happen is the land would be more expensive.
Lots of current developments are brownfield sites that are bought with many a bribe. If you are interested, I can take you to a sites near tower bridge that a company managed to bribe the planners to grant planning permission for buildings with specs that are not legal under planning law.
Look at the redevelopment of the heygate estate in elephant and castle.
lynx
Why not?