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.
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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.