Decision details

It is RECOMMENDED that Cabinet:

(a)             approves the Outline Business Case attached at Appendix A for Beach Road Car Park endorsing the recommended option contained therein;

(b)            agrees to pay FuturePlaces for its development advice services and costs associated with the preparation of the outline business case totalling £74k, and to include the scheme in the Council’s Capital Investment Programme;

(c)             agrees to move the project to Full Business Case stage and commit costs estimated at £586k;

(d)            authorises officers to finalise and consult on the Planning Development Brief in accordance with Regulation 12 of the Town and Country Planning regulations;

(e)             declares the site surplus to requirements; and

(f)              ask as part of that full business case to look at options to reinvest eventual surplus funds to regeneration with a particular focus on Poole Bus Station.

Voting: Unanimous

Portfolio Holder: Leader of the Council and Portfolio Holder for Development, Growth, Regeneration and Transformation

Reason

The proposed development will support the Council’s Corporate Plan objective to ‘create Dynamic Places through strategic regeneration or redevelopment opportunities and the vision set out in the ‘Big Plan’ to Rejuvenate Poole and Act at Scale with the aim to deliver more than 15,000 new homes.

It will optimise the use and value of this asset and provide a capital receipt for the Council.