Decision details

Town Centre Loan to Parador 44 Ltd

Decision Maker: Director of Economic Development

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes


Appendix 1 of this report is not for publication as it contains exempt information of the description in paragraph 14 of Part 4 and paragraph 21 of part 5 of Schedule 12A of the Local Government Act 1972.


AGREED: that it be agreed that Cardiff Council offer a town centre loan to Parador 44 Ltd of £770,000 towards the purchase and redevelopment costs associated with 14-15 Quay Street, subject to pre-conditions being satisfied set out in the legal agreement.  


Reasons for the decision:

To support the delivery of additional leisure and entertainment space within the city centre and re-active unused city centre space as part of the city centre recovery programme. 


Publication date: 12/11/2021

Date of decision: 09/11/2021

Effective from: 24/11/2021