Decision details

RESOLVED that Cabinet: -

(a)          Agrees the principle of an extension of the Winter Gardens site "Option Execution Date", with details to be agreed to be delegated to the Chief Operations Officer acting in consultation with the Leader of the Council, or until Cabinet have had the opportunity to review a revised partnership business plan including the site development plan for the revised Winter Gardens scheme. 

(b)           Instructs officers to explore the available funding options such that a funding strategy can be developed for the Winter Gardens project and be put forward at a future Cabinet meeting;

(c)           Notes the timetable for producing a new Partnership Business Plan for BDC and a Cabinet report later this year;

(d)           Notes the interdependency with the current work to review Shareholder Governance and that the composition of the BDC Board is under review.

Voting: Unanimous

Portfolio Holders: Leader of the Council

 Housing and Regulatory Services

Reason

To contribute to the Council’s Corporate Strategy, specifically helping to revitalise high streets and regenerate key sites to create new opportunities and to provide good quality homes that are accessible, sustainable and affordable for all.

The emerging Local Plan includes an allocation of 400 new homes in the Bournemouth Arc area. This project offers the potential to make a significant contribution to exceed this target.

The Council has reserved the right for Cabinet to approve Site Development Plans (SDP) and further approvals are necessary to vary terms.