Decision details

Report to seek approval to exchanging conditional contracts with the buyer of the Yorkshire Bank site for the land exchange of the Council-owned northern development plot with part of the Yorkshire Bank site on terms detailed in a confidential appendix, with final terms to be approved by the Director of City Development under delegated powers. 

The Director of City Development submitted a report which sought approval to the provisional terms of a land exchange to facilitate the creation of a single larger development plot, which could potentially be brought forward for complementary use to the Arena in the future. 

Regarding the proposal, a Member highlighted the potential implications around the Council losing influence on what was ultimately developed upon site A, and emphasised the importance of the quality of any future development on that site being consistent with the high profile location of it.

Following consideration of Appendix 1 to the submitted report designated as being exempt from publication under the provisions of Access to Information Procedure Rule 10.4(3), which were considered in private at the conclusion of the public part of the meeting, it was

RESOLVED –

(a)  That approval be given to the Council exchanging conditional contracts with the buyer of the Yorkshire Bank site for the land exchange of the Council-owned northern development plot (as detailed as Site A in Appendix 2 to the submitted report) with part of the Yorkshire Bank site (Site C in Appendix 2) on the terms detailed within exempt Appendix 1;

(b)  That approval be given for officers to negotiate final terms for the land exchange, to be approved by the Director of City Development under delegated powers;

(c)  The approval be given to the continuation by officers of informal discussions with the Arena operator, regarding the scope of redevelopment and the identification of complementary uses for the development plot precipitating from the land exchange, with proposals being reported back.

Member briefings

Executive Member for Inclusive Growth and Culture

Executive Member for Resources;

Executive Member for Climate Change, Transport and Sustainable Development;

Little London and Woodhouse Ward Members