West Midlands Combined Authority has approved its biggest slice of devolution funding to date – almost £100m for a city centre development in Coventry.
This cash allows Coventry City Council the go-ahead with selecting a developer to deliver the long-awaited £300m City Centre South scheme.
Plans to build a major retail, residential and leisure scheme were first unveiled five years ago.
An anchor store and cinema are also planned for a complex set to transform the area around Bull Yard, Shelton Square and Market Way.
Cllr George Duggins, leader of Coventry City Council added: “I’m delighted that the combined authority has approved £98.8 million investment for the redevelopment of our city centre.
“We’ve got ambitious and exciting plans for City Centre South, which will include new shops, a cinema, homes and a new car park that will transform the area around Bull Yard, Shelton Square and Market Way.
“It’s no less than Coventry people deserve and a wonderful early Christmas present for the city.
“Coventry people have waited too long for improvements to the city centre. But this cash is a real boost and will mean we can crack on and select a developer.
“We said we would make sure that our residents felt the benefits of our membership of the Combined Authority and this is the first cash boost, with more to come.”
from Construction Enquirer http://www.constructionenquirer.com/2016/12/12/funding-boost-for-300m-coventry-shopping-centre/
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