It is RECOMMENDED that Cabinet:
(a) Approves the OBC for the former Christchurch Civic Centre site as set out in Appendix A to this report endorsing the recommended option contained therein;
(b) Ratifies previous report decisions to declare the asset surplus to requirements and notes the potential to phase the redevelopment of the site to enable the hotel use to progress ahead of residential plans for the reasons outlined in this report;
(c) Agrees to pay FuturePlaces for its development advice, services and costs associated with the preparation of the OBC totalling £169k and to include the scheme in the Council’s Capital Investment Programme.
Cabinet RECOMMENDS that COUNCIL:
(d) Agrees to move the project to Full Business Case stage and commit costs estimated at £969k.
Voting: Unanimous
Portfolio Holder: Leader of the Council and Portfolio Holder for Development, Growth, Regeneration and Transformation
Reason
To contribute to the Council’s Corporate vision, specifically helping to create dynamic places, investing in the homes our communities need, and delivers against the Big Plan: Act at Scale.
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.