Decision Maker: Executive
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: Yes
Decision on future development partner.
The Executive Meeting to considered proposals for a comprehensive redevelopment of the Grand Central site following the completion of a competitive procurement process and agreed that
(i) Muse Developments Ltd be appointed as the Council’s preferred development partner for the Grand Central Regeneration Scheme.
(ii) the result of the recent application made to the Department for Transport for partial funding for the construction of a Multi-Storey Car Park adjacent to Stockport Railway Station and the subsequent planning applications be noted;
(iii) authority be delegated to the Corporate Directors of Place and Corporate and Support Services, in consultation with the Executive Councillors (Finance) and (Regeneration) to:
· finalise the details around the Development Agreement, Land Disposals and on-going maintenance of the site;
· enter into the appropriate arrangements to construct temporary car parking at the site of the Tenpin building and the former Brannigan’s site, subject to planning permission;
· terminate, if necessary, any occupational leases to coordinate with the phased development of the site, and
· choose the most appropriate financial model for the development of the scheme , including the utilisation of the Department for Transport grant in relation to the overall financial framework.
Equality and/or Environmental Impact Assessment: To be completed upon acquisition
Decision Reference: ED1361
Forward Plan Reference: RGN 191
Other reasons / organisations consulted
Town Centre/ M60 Gateway Task Force meeting
Report author: Paul Lawrence
Publication date: 19/12/2011
Date of decision: 16/12/2011
Decided at meeting: 16/12/2011 - Executive
Effective from: 29/12/2011