RESOLVED that Cabinet:-
(a) Approves the Outline Business Case for Chapel Lane Car Park North as set out in the confidential appendix A to this report 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 £31k, 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 £753k;
(d) Agrees to declare the asset surplus to requirements and appropriate the land for planning purposes to enable development.
Portfolio Holder: Deputy Leader of the Council and Portfolio Holder for Regeneration, Economy and Strategic Planning
To contribute to the Council’s Corporate vision, specifically helping to create dynamic places, investing in the homes our communities need, revitalising and re-inventing our high streets and local centres in line with the vision set out in the Big Plan.
FuturePlaces was formed to ensure BCP Council has the capacity, expertise, and resources to drive investment in regeneration and unlock value from major Council owned sites; it will also enable BCP Council to ensure that we deliver new homes and create well designed, local neighbourhoods.