Decision details
Funding the New Bus Interchange
Decision Maker: Cabinet
Decision status: Item Called In
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
The report will seek approval in principle for a funding package for the delivery of the Cardiff Bus interchange and will seek to delegate authority to conclude negotiations with the developer.
Decision:
Appendices 2, 3, 4, 5, and 6 of this report are exempt from publication because they contain information of the kind described in paragraphs 14 and 21 of parts 4 and 5 of Schedule 12A to the Local Government Act 1972.
RESOLVED: that
(1) the developer be allowed to maximise capital receipts for the commercial floor space within the Bus Interchange development by allowing end use to be driven by market demand.
(2) authority be delegated to the Director of Economic Development in consultation with the Cabinet Member for Investment & Development and the Cabinet Member for Finance, Modernisation and Performance, the Section 151 Officer and the Monitoring Officer to:
(i) Negotiate and conclude a final agreement with the developer subject to the financial envelope outlined in Appendix 3 for the delivery of the Bus Interchange project and appropriate external advice.
(ii) Settle outstanding design, planning and site preparation costs as outlined in Confidential Appendix 2 subject to independent verification of costs.
(iii) Acquire the Saunders Road Car Park site owned by Network Rail to complete the land assembly as outlined in this report, subject to independent valuation.
(3) budget be brought forward from the approved 2018/19 Capital programme into 2017/18 budget to meet the pre planning and land assembly costs outlined in the report.
Reasons for the decision:
To seek in-principle agreement from Cabinet to the proposed funding proposal from the developer for delivery of the Bus Interchange development and to secure delegated authority to conclude arrangements to deliver the development within the Council’s financial envelope including settling outstanding design, planning and site preparation costs.
Alternative options considered:
Appendices 2, 3, 4, 5, and 6 of this report are exempt from publication because they contain information of the kind described in paragraphs 14 and 21 of parts 4 and 5 of Schedule 12A to the Local Government Act 1972.
RESOLVED: that
(1) the developer be allowed to maximise capital receipts for the commercial floor space within the Bus Interchange development by allowing end use to be driven by market demand.
(2) authority be delegated to the Director of Economic Development in consultation with the Cabinet Member for Investment & Development and the Cabinet Member for Finance, Modernisation and Performance, the Section 151 Officer and the Monitoring Officer to:
(i) Negotiate and conclude a final agreement with the developer subject to the financial envelope outlined in Appendix 3 for the delivery of the Bus Interchange project and appropriate external advice.
(ii) Settle outstanding design, planning and site preparation costs as outlined in Confidential Appendix 2 subject to independent verification of costs.
(iii) Acquire the Saunders Road Car Park site owned by Network Rail to complete the land assembly as outlined in this report, subject to independent valuation.
(3) budget be brought forward from the approved 2018/19 Capital programme into 2017/18 budget to meet the pre planning and land assembly costs outlined in the report.
Publication date: 28/07/2017
Date of decision: 27/07/2017
Decided at meeting: 27/07/2017 - Cabinet
Issue status: The decision is currently being reconsidered
This decision has been called in by:
- Councillor Neil McEvoy who writes I am calling in the Cabinet Decision on funding the new bus interchange, published on 28 July 2017. I believe the decision to allow end use of the interchange to be driven by commercial demand needs to be reviewed. If the decision is allowed to stand it could lead to all office space from the development being lost, with student flats instead. The interchange is within the Central Cardiff Enterprise Zone. The purpose of the Enterprise Zone is to create the 'best possible conditions' for business to thrive. Student flats are inconsistent with this aim as they do not constitute business or enterprise. The interchange is also a key part of the South Wales Metro scheme. The Metro aims to create an integrated public transport network. The interchange is at the heart of that network. Most train journeys in south Wales will end just outside the interchange at Cardiff Central rail station. And almost every bus journey on the Cardiff and Vale bus network will end at the bus interchange. It is, therefore, essential that the interchange building provides long term accommodation for job creating businesses, rather than accommodation for a temporary student population. What the interchange building and the people of south Wales need is a large bus station with high-paid office jobs, where they can seamlessly move from public transport to their place of work. If the decision to build 100% student accommodation goes ahead then millions of pounds will have been spent demolishing a bus station and a car park in order to build an even smaller bus station and a car park; but with some student flats on top. "
Accompanying Documents:
- Cabinet 27 July 2017 Bus station
PDF 182 KB - Cabinet 27 July 2017 Bus station Appendix 1
PDF 173 KB
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- Cabinet 27 July 2017 Bus station Appendix 7
PDF 182 KB
- Cabinet 27 July 2017 Bus station Appendix 8
PDF 369 KB