In reply to Flinticus:
It's an interesting one. We live in Ludlow, directly beneath the woodland where they're planning to build and I regularly mountain bike up there. The area earmarked for development is relatively small and on the edge of the woods. Ludlow is a town with a large divide between rich and poor, lack of low-skill jobs is a significant factor in this and any development that offers employment has to be seen from this point of view.
Negatives for the development are it's self contained nature i.e. people will be encouraged to attend their money on site rather than putting it into the local economy, the high number of chalets proposed having a disproportionate impact on the woods, and the adverse affect on existing local providers of accommodation, a significant number of whom are small businesses.
What I hadn't realised prior to the Guardian article was how much of the money was going outside of the Forestry Commission. I'm all in favour of them generating income from their assets, but the setup they've gone with looks like another example of a government owned organisation negotiating a deal that ultimately gives poor value to the taxpayer.