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Issue - meetings

Gateshead Quays

Meeting: 21/03/2023 - Cabinet (Item 136)

Gateshead Quays Update

Report of the Chief Executive and Strategic Directors, Economy, Innovation and Growth and Resources and Digital

Minutes:

Consideration has been given to an update Cabinet on the Gateshead Quays regeneration scheme (The Sage – an Arena and International Conference Centre, Linear Park and Hotel).

 

 

 

RESOLVED -

(i)

That the proposed phased delivery as set out in the report be approved.

 

 

 

 

(ii)

That the cost of the detailed design works through to construction stage for Phase 1, at an estimated cost of the amount set out in the report be approved.

 

 

 

 

(iii)

That the delegation of authority for the acceptance of the Levelling Up Fund grant and associated funding conditions to the Strategic Director, Economy Innovation and Growth in consultation with the Leader and the Strategic Directors, Resources and Digital, and Corporate Services and Governance be approved.

 

 

 

 

(iv)

That the delegation of authority to the Strategic Director, Corporate Services and Governance to amend the Development Agreement as necessary, to underwrite the detailed design works with A&P on a basis set out in the report and the Agreement for Lease, Hotel Management Agreement and Funding Heads of Terms to reflect the proposed delivery / phasing of the development be approved.

 

 

 

 

(v)

That the urgent decision taken on 26 January 2023 by the Strategic Director, Resources and Digital to transfer the amount of North East LEP (NELEP) funding set out in the report from the Baltic Quarter Enabling Infrastructure Project to the Gateshead Quays Multi Storey Car Park (MSCP) Project, in accordance with Schedule 5, Part 2 General Delegations to Managers, Paragraph (4) (e) of the Council’s Constitution; and as previously agreed by Cabinet, be noted.

 

 

 

 

(vi)

That the acceptance of further NELEP funding of the amount set out in the report for the MSCP Project be approved.

 

 

 

The above decisions have been made for the following reasons:

 

 

 

 

(A)

To bring forward the regeneration of Gateshead Quays, which supports the Council’s aspiration of making Gateshead a place where everyone thrives.

 

 

 

 

(B)

To reaffirm the commitment to invest in the local economy to provide sustainable opportunities for employment, innovation and growth across the borough.

 

 

 

 

(C)

To maintain momentum on the scheme, signal confidence in the local economy, which is important as part of the delivery of the Economic Development Strategy.

 


 

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