Hillgate Quay – Future Lease Proposal
Report of the Strategic Director, Economy, Innovation and Growth
Minutes:
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Consideration has been given to progressing a future lease proposal for Hillgate Quay. |
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The alternative options to that being recommended, but which have been discounted, included not extending the current lease and seeking alternative arrangements for the site. |
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RESOLVED - |
(i) |
That the proposal to negotiate with the existing tenant on Hillgate Quay for a long-term lease on the basis set out in the report be approved. |
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(ii) |
That a further report be submitted to Cabinet following this negotiation, with the intention of a long-term lease demonstrating that conditions are met and providing a due diligence framework. |
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The above decisions have been made to enable the delivery of the Council’s Economic Development Strategy, to increase the visitor economy and enhance Gateshead Quays development. |
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