Issue details

Marina Car Park, The Pavilion and Cary Green Redevelopment, Torquay

 

 

Approval is sought for the Torbay Development Agency to negotiate and agree acceptable terms for the sale of long leases of the Marina Car Park, The Pavilion and Cary Green to the Nicholas James Group (or their chosen development / subsidiary company), subject to a satisfactory independent valuation. The leases will allow the redevelopment of the sites on a subject to planning basis.

Decision type: Key

Reason Key: High level of public interest;

Decision status: Recommendations Approved

Wards affected: Tormohun;

Decision due: 1 Feb 2012 by Elected Mayor

Lead member: Mayor and Executive Lead for Employment and Regeneration, Finance and Audit

Lead director: Commissioner of Place and Environment

Contact: Steve Parrock, Chief Executive of TDA Email: steve.parrock@tda.uk.net.

Consultation process

The TDA has carried out a number of public consultation events relating to this and the wider Princess Promenade issue, including:

Tormohun Community Partnership: February 2010, May 2010, October 2011
Torquay Town Centre Community Partnership: February 2011
Harbour Committee in Feb 2011; Harbour Users’ Group and Harbour Liaison Forum: November 2011.
In addition there has been a number of press releases and coverage in the local media, including the Herald Express and Palm FM.
Public questionnaires have been run by the TDA in June 2010, NJG in June 2010 and Torbay Council in October 2011.

Consultees

Ward Councillors
Torquay Town Centre Community Partnership
Tormohun Community Partnership
Harbour Committee / Liaison Forum /Users’ Group

Reason for inclusion in Forward Plan: 1. Employment and Regeneration: we expect the proposals to create 200 jobs and contribute approximately £4m per annum to the local economy, in addition to the visitor spend. 2. The Pavilion will be fully restored by the developer and put to a viable use. 3. An increased tourism offer resulting in a year-round attraction. 4. Improved public realm in front of the existing Marina Car Park. 5. Increased vitality in the area due to the improved day time and evening economies. 6. Increased use of the Princess Gardens. 7. The existing revenue to the Harbour Authority will be retained. 8. Increased revenues to the council via increased business rates as well as the Community Infrastructure Levy and New Homes Bonus. 9. The redevelopment scheme could dovetail with the proposed repairs to Princess Promenade and continue the improved promenade around the inner harbour.

Key Risks: 1. The TDA, on the council’s behalf, can not agree satisfactory terms for the sale of the lease(s).

If you want to make representations contact:: David White, Senior Development Surveyor, telephone (01803) 207919, email david.white@tedcltd.com

Decisions

Agenda items

 

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