THE Tees Valley Development Corporation has just purchased a massive stretch of land on the former SSI site for just £1.

Sale of the century or the worst £1 ever spent?

Mayor Ben Houchen may be thinking he’s hit gold but will he be feeling the same once the costs of the clean-up are calculated?

It is reported the clean-up, which could take over a decade to complete, has a price tag that would make a billionaire blush.

There are also 5,000 tonnes of dangerous material, deteriorating and dangerous assets and additional eye-watering demolition costs.

Sorry team Houchen, but you’ve just been turned over.

Stephen Dixon, Redcar