(1) Where any land has been acquired or appropriated for planning purposes and is for the time being held by a local authority for the purposes for which it was acquired or appropriated, then, subject to section 259, the local authority may by order extinguish any public right of way over the land, being a footpath[, bridleway or restricted byway], if they are satisfied—
(a) that an alternative right of way has been or will be provided; or
(b) that the provision of an alternative right of
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