Well, it’s not entirely clear who the land at the confluence of the RedFork and the Blue Fork belongs to. There aren’t a lot of noble houses listed in that area – there’s the Mallisters up on the coast, but Oldstones does not have a ruling house (hence the whole business with Jenny), there’s no known ruling house of Fairmarket, and the only other named house from that region are the Blackwoods, and they seem to be center more to the west (directly north of Riverrun). If the land is not currently occupied by a ruling house, than the law of escheat says it reverts back to the liege lord.
As to whether you need permission to build a castle and start charging a toll, there isn’t explicit text either way. However, if King Daeron II had the authority to give Daemon Blackfyre the right to build a castle in the Crownlands, my guess would be that the Lord Paramount of the Riverlands has the authority to grant a license to build a castle on its own lands. And the same logic would likely hold for tolls, given that it wouldn’t be interfering with a royal highway and if a lesser Houses like the Freys can charge tolls for bridges I would imagine the same would apply for their liege lords.
How long would it take to build a castle like Riverrun 2 and what would you call it?
Years if not decades, based on historical examples. As for a name, @goodqueenaly suggests “The Tines,” since the tine is the sharp point of the Trident and this castle would be a strongpoint on the Trident. Also, it’s a nice echoing of “The Twins,” another bridge-castle of the Riverlands.
