The new owners of the former Manston airport site told ITV Meridian today they are about to submit a 1000 page planning application to the council.
We know developers Stone Hill Park have grand plans for the land - that ceased being used as an airport two years ago.
They want to build 2500 new homes, a national hi-tech base for precision engineering companies, and state of the art sports facilities.
Today the billion pound project came a step closer, as John Ryall reports.
The campaign to reopen Manston Airport has moved a step forward, with the first stages of a planning application submitted.
The plan requires the compulsory purchase of the land from the current owners who want to build homes and a commercial development on the site.
The plans by Riveroak, who do not own site, want to upgrade the site primarily as a cargo airport, with some passenger services with a capacity of at least 12,000 air cargo movements per year.
The owners of the former Manston airport site have confirmed today that they will be seeking outline planning permission for their billion pound development plans within the next five months. They say the development is crucial for the social and economic future of Thanet. A round of public consultations next week will reveal options for the layout of the site. And as our reporter Sarah Saunders found out, even the name of the new development will be up for discussion.
Is it the end for hopes of reopening Manston Airport? Last night, councillors from Thanet District Council - elected earlier this year on a promise to get planes flying again, admitted that any reopening of the airport was not going to happen any time soon.
Specifically, a Compulsory Purchase Order, or plans to use a compulsory purchase of the airfield, were scrapped. The same councillors told us today, that they had not abandoned their vision - but were exploring new options.
Meanwhile, 18 months after the place was mothballed, airport developers say the council's wasting time and money. Derek Johnson has our report.
The interviewees are: Cllr Chris Wells, Leader, Thanet District Council, UKIP; Niall Lawlor from RiverOak Investments; Ray Mallon, spokesman for Stone Hill Park owners Trevor Cartner and Chris Musgrave.
The investment firm that had been in negotiations with Thanet District Council over a Compulsory Purchase Order of the Manston Airport site, has expressed its disappointment that the plan has been shelved.
Last night councillors from Thanet District Council met. They said they had postponed plans to buy and reopen the former airport in Kent. They added that the decision followed legal advice that their proposals were not financially sound.
Niall Lawlor from RiverOak Investment Corp. said the firm is going to carry on pushing for the project to go ahead.
Meanwhile the current owners of the airport say they will press ahead with plans for a housing and business development.
Thanet District Council has postponed plans to buy and re-open the former Manston Airport site in Kent.
Councillors met last night having had legal advice that their proposals were not financially sound. But executives from RiverOak, a US investment corporation which backs the reopening of the airport, say they're determined to carry on with their plans.
Serious doubts are being raised about the effectiveness of turning the Manston Airport site into a giant lorry park.Read the full story ›
Former employees of Manston airport are holding a reunion today to mark a year since its closure.
Also at the event, which will involve forming a giant mural of pictures, will be ancilliary airfield businesses.
The event is being held with the support of pro-Manston groups.
More than 140 people lost their jobs when the loss-making airport closed last year, because it failed to find a buyer.
Campaigners hoping to see Manston Airport in Kent reopened have been in Westminster today, as MPs listened to evidence for restoring the runway for aircraft. The Airport closed in May 2014, amid fears that the site would be used for housing or commercial development. But many locals - including the MP - have never given up the fight to make the airport a commercial success. Our Political Correspondent Phil Hornby sent this roundup.
The future of Manston Airport to be discussed by MPs at the House of Commons this afternoon. The site closed in May 2014 with the loss of around 150 jobs.
The discussions are part of the Transport Select Committee's evidence sessions for its smaller airports inquiry. The witnesses due to speak include representatives of Kent Airport Ltd, RiverOak Investment Corp, Thanet District Council and Kent County Council.
Members of the Save Manston pressure group are also in London to make their voices heard.