Gateshead Quays Update
Report of the Strategic Directors, Communities & Environment and Corporate Resources
Minutes:
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Consideration has been given to an update on progress on the development of Gateshead Quays and to the proposal for the development partners Ask Real Estate Ltd and PATRIZIA UK to commence the necessary pre-construction work. |
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RESOLVED - |
(i) |
That authorisation for Ask Real Estate Ltd and Patrizia UK to progress the pre-construction work on the proposed scheme which includes an Arena, Conference and Exhibition Centre, estimated to cost the developer the amount set out in the report be approved and it be noted that any abortive costs must be shared equally between the Council and the Development Partners. |
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(ii) |
That the transfer of the existing LGF funding from the Eighton Banks Park and Ride scheme to support the proposed development at Gateshead Quays, with the amount set out in the report being used to assist with the pre-construction costs, be approved. |
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The above decisions have been made to progress the development of the Gateshead Quays site. |
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