Decision details

This report is being brought forward to update Cabinet on the progression of the delivery of the new Indoor Arena and regeneration of Atlantic Wharf.

The report will also bring forward the acquisition of land to assist in the delivery of the MSCP within Atlantic Wharf linked to Arena obligations within the Development Fund Agreement.

The report will also ask Cabinet to consider the appropriation of the Red Dragon Centre over-flow car park for the delivery of the new MSCP. It will also be requested to consider the principle of a CPO strategy to clean title across Atlantic Wharf to assist with the regeneration and to mitigate risk.

Appendices 2-4 of this report are not for publication as they contain exempt information of the description contained in paragraphs 14 and 16 of Part 4 and paragraph 21 of Part 5 of Schedule 12A of the Local Government Act 1972.

RESOLVED: that

i)        authority be delegated to the Director of Economic Development in consultation with the Cabinet Member for Investment and Development, the Section 151 Officer and the Legal Officer to acquire the land illustrated etched red in the plan attached at Confidential Appendix 4 in accordance with the terms outlined in Confidential Appendix 4 and in line with the independent valuation set out at Confidential Appendix 5.

ii)       Authorisation be given to the commencement of land referencing investigations to identify any outstanding third-party interests that may need to be acquired to enable the regeneration scheme.

iii)     Approval be given to the principal of making a Compulsory Purchase order under section 226(1) of the Town and Country Planning Act 1990 (as amended by the Planning and Compulsory Purchase Act 2004) and the Acquisition of Land Act 1981 to seek the acquisition of land and interests within the site area shown edged red on the plan attached at Appendix 5.

iv)     Pursuant to powers under Section 122 of the Local Government Act 1972 and Section 227 Town and Country Planning Act 1990 to facilitate the redevelopment of the land for a Multi Storey Car Park approval be given to the appropriation of the Red Dragon Centre (RDC) over-flow car park land shown edged red on the plan at Appendix 7 for planning purposes as it is no longer required for its current purpose and it be noted that the appropriation of the RDC for planning purposes would enable the finalisation of the Full Business Case for the Multi Storey Car Park development for presentation to Cabinet at a future meeting.