Historic £60million agreement to be signed in Gloucester tomorrow
An historic signing will take place tomorrow sealing a £60 million agreement for the development of King's Quarter.
Council officials and representatives of developers Stanhope plc will be signing an official agreement for the delivery of the scheme.
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The project will see around 200,000 sq ft of retail development including an anchor store, over 30 new shop units, restaurants, new public squares and a new bus station.
Council Leader, Paul James, said: "This is an historic moment.
"It officially commits all of us to working to make this development happen. It shows that Gloucester is continuing to buck the national trend as we attract inward investment of this magnitude and it shows our commitment to improving the city centre – something which residents viewed as a high priority in the recent City Vision consultation.
"Developers and investors recognise what has been achieved in the city over the last few years and are alive to the opportunities that still exist."