Developers who want permission to build an extra 150 homes on the old Brymbo Steelworks estate have pocketed more than £17m in dividends in just two years.
Brymbo Developments Ltd recently had a planning application to build another housing estate on the former steelworks site rejected by Wrecsam Council, a scheme the company said would help pay for a key road to link the site with the existing village of Brymbo.
But councillors are now demanding that BDL explains where money from the sale of the existing 500 houses on the site has gone. Accounts filed for 2005-6 reveal that the company made £16.4m from land sales - and paid its shareholders £14.7m in dividends. In 2006-7, a further £2.5m was paid out to shareholders in dividends. Accounts for the past two years have not yet been submitted.
The company's failure to build the link road has been condemned by Plaid Cymru's group of councillors.
Cllr Marc Jones, who leads the Plaid group, said:
"We have every sympathy with residents in Brymbo, and in particular those living in the new housing, who desperately want this road built. It is a disgrace that the developers have been allowed to get away without putting in the basic infrastructure to support this development.
"Residents bought their homes on the understanding that the road would be built and community facilities opened. There should have been a clear agreement, legally enforceable, between the developers and the planning authority to ensure a timescale for opening a new school, shops and the road.
"We have argued consistently that allowing housing developments without developing the accompanying infrastructure causes huge problems for existing and new communities.
"BDL is claiming that it needs money from both this new housing development and a supermarket to pay for the spine road. We challenge BDL to come clean and open its books, so that the people of Brymbo and Tanyfron can see where the money has gone. We believe the cost of the road is a fraction of the money paid out in dividends to company shareholders.
"In addition to that, we should not forget that BDL received £8.5m from the Welsh Development Agency to clear the site almost a decade ago."
"The latest accounts filed in Companies House by the developer raise other questions. Why is Brymbo Developments Ltd owed £304,000 by a company in which its main shareholder is a partner? That money could build key parts of the spine road. The people of Brymbo deserve some straight answers to some straight questions."
According to the accounts, BDL's ultimate parent company Parkhill 2000 Ltd is owned by three men - 90% is owned by Colin Cornes of Shifnal, Shropshire, and the rest by two other Shropshire-based businessmen - Niall Crabb and P J Smyth.