Bristol City Council plot sales could net £50million if it sells four sites in centre
BRISTOL City Council could net £50 million if it sells off four undeveloped sites in the city centre.
But progress on the schemes, which would include commercial, leisure and residential use, has stalled because of the recession.
The mostly harbourside sites include Redcliffe Wharf, part of Hannover Quay, St Mary le Port and transit sheds at Welsh Back.
Two of the schemes are due to go out to public consultation later this year, while a third has planning permission.
Windows looking dull, let us spruce you up for summer with our huge selection of blinds. We can help bring your windows to life.
Free measure and consultation. with no obligation to buy.
Contact: 0117 2443290
Valid until: Friday, May 31 2013
The schemes depend on the ability of developers to line up tenants for new buildings before they are built, which has been hard during the recession.
The council will put money raised towards major capital projects, where it currently has a £14m shortfall in funds.
Comments
by Richard, Bristol
Thursday, June 24 2010, 4:21PM
“Just to make myself clear... these sites will be worth £100m by 2015.”
by Pogo the Clown, .
Thursday, June 24 2010, 4:19PM
“No cyclists were involved, so BEP don't give a f .. ig.”
by Richard, Bristol
Thursday, June 24 2010, 4:19PM
“The interest of the £14m shortfall must be quite a lot but please don't start following Labour's mistakes by selling off things on the cheap at the worst times.
Gordon Brown sold our gold and lost £6bn during the good times when gold had less value than during difficult times... and if the council sell these sites today for £50m during a recession which is when property and land are far less valuable then Bristol will inevitably lose out on up to £40m or more which is what these sites will be worth in the years ahead.
Please don't take the bait.. Bristol is far too good to be selling ourselves on the cheap.”
by gerry, bristol
Thursday, June 24 2010, 2:59PM
“A fire in bristol this morning caused major disruption, errrrm bep this is news why havent you covered it ???”
by Billy, no mates
Thursday, June 24 2010, 1:54PM
“Why not use this land to house the gypsies?”
by Peter, bristol
Thursday, June 24 2010, 1:37PM
“Perhaps if they didn't spend £40 million on a museum they wouldn't be in this mess?”
by harryT, Bristol
Thursday, June 24 2010, 12:47PM
“St Mary Le Port is the name the council uses for Castle Park whenever it plans to sell it off.
Looks like (contrary to promises from the Libs) the sale of Castle Park is on again.”
by Pogo the Clown, .
Thursday, June 24 2010, 9:54AM
“Where did my first response go?
Ah well...
All I was saying was that it seemed like a decent idea. Those sites are doing nothing at the mo.
No car parks, though. Thanks.”
by Pogo the Clown, .
Thursday, June 24 2010, 9:53AM
“Fair enough. There's not much (if anything) going on there, so why not? Just as long as it's not another car park, kthx.”
by Phil, Bristol
Thursday, June 24 2010, 9:26AM
“A 14million shortfall?
Would this have anything to do with paying a loan back early and incurring a 15million penalty.
I still don't understand why this loan was paid early (see yesterdays article).
The Councils finance director should be sacked for stupidity.”