Runcorn Town Centre Regeneration - KEY DECISION (Minute EXB 31 refers)
The Executive Board considered the attached report.
Additional documents:
Minutes:
The Executive Board had considered a report of the Chief Executive, which provided a summary of the bids received for the regeneration of key sites in Runcorn Town Centre.
The report provided Members with details of the bids that were received, together with a summary and comparison for consideration.
RESOLVED: That the Council
1) enter into detailed negotiations with Consolidated Property Group (CPG) for a binding development agreement, for the immediate redevelopment of the former Crossville Site and to explore further development of the Direct Link and temporary car park sites;
2) invite further discussions with the Neptune Partnership, to explore ways of engaging them and their partners to support the medium to longer term regeneration of the wider Runcorn Town Centre area, possibly including the Direct Link and temporary car park sites, depending on the outcome of further negotiations with CPG; and
3) recycle any capital receipts from land transactions
generated from within the Runcorn Town Centre area, into further regeneration
of Runcorn Town Centre.
Runcorn Town Centre Regeneration
Additional documents:
Minutes:
The Board considered a report of the Chief Executive, which provided a summary of the bids received for the regeneration of key sites in Runcorn Town Centre.
In 2011, the Council produced an action plan for Runcorn Town Centre which identified key sites with potential for development. Expressions of interest were invited early in 2012, with the sites split into three phases, as detailed in the report.
The report provided Members with details of the bids that were received together with a summary and comparison for Members’ consideration.
RESOLVED: That Council be recommended to
1) enter into detailed negotiations with Consolidated Property Group (CPG) for a binding development agreement, for the immediate redevelopment of the former Crossville Site and to explore further development of the Direct Link and temporary car park sites;
2) invite further discussions with the Neptune Partnership, to explore ways of engaging them and their partners to support the medium to longer term regeneration of the wider Runcorn Town Centre area, possibly including the Direct Link and temporary car park sites, depending on the outcome of further negotiations with CPG; and
3) recycle any capital receipts from land transactions
generated from within the Runcorn Town Centre area, into further regeneration
of Runcorn Town Centre.