New Food and Beverage Unit in the Baltic Quarter
Report of the Strategic Director, Communities and Environment
Minutes:
Consideration has been given to approval for a scheme and capital budget to provide a food and beverage unit on Council owned land in Baltic Quarter in central Gateshead.
RESOLVED - (i) That an increase in the Capital Programme allocation for the project be approved as outlined in the report.
(ii) That the Strategic Director, Communities and Environment be given delegated authority, in consultation with the Strategic Directors, Corporate Services and Governance and Corporate Resources, to agree a Compensation Event to the existing contracts for works in Baltic Quarter.
(iii) That the Strategic Director, Corporate Services and Governance, be given delegated authority to agree a lease with the preferred tenant.
The above decisions have been made for the following reasons:
(A) To stimulate development and investment in one of Gateshead’s primary employment areas – Baltic Quarter.
(B) To provide a food and beverage offer to meet evidenced demand.
(C) To help attract new and retain existing tenants in Baltic Quarter.
(D) To give confidence to the market that the Council is committed to creating the right environment in Gateshead in which businesses can grow and prosper.
(E) To utilise the Council’s land and property portfolio to support the Council’s policy priorities in accordance with the provisions of the Council’s Corporate Asset Strategy and Management Plan 2015 – 2020.