Market Walk Update
To receive and consider the report of the Director (Business, Development and Growth).
Minutes:
The Executive Leader, Councillor Alistair Bradley presented the confidential report of the Director (Business, Development and Growth).
Members discussed the progress of the project and noted the improved offer for the evening economy. The complexities of securing high quality tenants on long term leases were noted.
The Leader of the Opposition, Councillor Martin Boardman, requested real time figures on the cost of the project and this will be provided outside the meeting.
The Executive Leader, Councillor Alistair Bradley proposed and the Deputy Leader, Councillor Peter Wilson seconded the Decision –
1. To approve increasing the incentive budget to secure the tenure of high quality tenants on long (15-20yr) leases.
2. To approve the adjustment to the capital programme by:
a. removing the £400k budget for Adventure Golf at Astley Park as this will be provided in the extension to Market Walk
b. creating a £100k budget to fund investment in outdoor activities at Astley Park