Historic £60million King's Quarter agreement to be signed
A HISTORIC £60million agreement which will change the shape of Gloucester's future is to be signed today.
Gloucester City Council officials and representatives of developers Stanhope Plc will be signing an official agreement for the ambitious development of King's Quarter.
-
The Golden Egg
The project will see an additional 200,000 sq ft of retail development including an anchor store, over 30 new shops, restaurants, new public squares and a new bus station.
Council leader, Paul James, said: "This is an historic moment.
Business Cards From Only £10.95 Delivered www.myprint-247.co.uk
View detailsOur heavyweight cards have FREE UV silk coating, FREE next day delivery & VAT included. Choose from 1000's of pre-designed templates or upload your own artwork. Orders dispatched within 24hrs.
Terms: Visit our site for more products: Business Cards, Compliment Slips, Letterheads, Leaflets, Postcards, Posters & much more. All items are free next day delivery. www.myprint-247.co.uk
Contact: 01858 468192
Valid until: Friday, May 31 2013
"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.
"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."
It has taken months of negotiation to get to this point, including with Gloucester Quays development, which earlier this year won the bid for a new cinema.
Martyn Chase, a director at Stanhope, said: "We are delighted to have reached this key milestone in the development of Kings Quarter.
"On the back of the positive progress on the scheme to date, this agreement will enable us to move forward with confidence, and we look forward to developing our ideas with the local community, retailers and other key city stakeholders to ensure that King's Quarter further enhances the city."
The scheme has also been backed by shoppers.
Kevin Ryan, 29, from Tuffley, said: "It's about time something was done. They need to rip it all out and start again from scratch."
Francis McDonald, from Gloucester, said: "It seems like a lot of money, it is really exciting for the city centre.
"It needs a boost for sure, there is a lot that can be done. It is a big space."
Comments
by thomas1996
Thursday, September 27 2012, 1:48PM
“Selector,
Totally agree, as a public sector worker myself I have had NO pay rise for the last 2 years and look forward to the generous 1% rise next April that public sector workers will be getting - so that's a 1% rise in three years.
Have petrol prices risen by 1% in 3 years? no more like 25%.
Have gas+electricity prices risen by 1% in 3 years? no more like 25%.
Has 'The Citizen' risen in price by 1% in 3 years? no more like 20%
So as every penny counts I refuse to pay town centre parking charges, so however 'wonderful' the new shops, food restaurants & cinema are, I will never see them. Asda/Tesco/Lidl + any out of town shopping areas and ebay/amazon/M&S on-line gets my business now.”
by Selector
Thursday, September 27 2012, 11:35AM
“Sorry to spoil the party Councillor James, but whilst you're playing the developer, that organisation that you preside over - Gloucester City Council I think they call it - just gets smaller and smaller and ever more insignificant. In case you hadn't noticed, there's a recession on, and people do not have the money to spend in even more shops. This Tory myth regarding stimulating the economy and creating jobs is just that - a myth. I haven't had a pay rise in three years, am at risk of redundancy, and am paying more and more in taxes, such as VAT, not to mention the rising cost of everything as inflation continues to climb. The only positive thing is that the interest rate is still at an all-time low, but the second that begins to rise, we're all doomed.
I really would rather you concentrated on delivering services, which is what people actually expect of their local council, and what you were elected to deliver.”
by geraint2010
Thursday, September 27 2012, 11:18AM
“Well done Gloucester. Losing what could be an attractive piazza in favour of more shops to compete with those already struggling. What next? Turning our historic docks into a housing estate or building on the obvious location for a new main line station perhaps?”
by NibNobs
Thursday, September 27 2012, 11:09AM
“So is the dreadful Golden Egg eyesore staying or being bulldozed?”
by SELINA30
Thursday, September 27 2012, 9:33AM
“Gloucester is "not bucking the national trend". The city is just as susceptible to the governments failed economic stimulus as anywhere in the South West. With regards to this project being "historic"Stanhope plc have another sixty projects in the pipeline across the country including Hereford. One thing you can give this council credit for is providing steady employment for people who do the artists impressions of future projects.”
by Lecorche
Thursday, September 27 2012, 8:26AM
“This is an opportunity to really make Gloucester a desirable place to visit by including free parking for reasonable periods.
Watch the Council blow it......”