Jump to content
House Price Crash Forum
Sign in to follow this  
interestrateripoff

Sevenstone Retail Developer Axed By Sheffield Council

Recommended Posts

http://www.thestar.co.uk/news/business/sevenstone-retail-developer-axed-by-sheffield-council-1-5899719

Sheffield Council is today searching for a new developer for the flagship £400 million Sevenstone scheme after parting company with property firm Hammerson.

In negotiations, the property company said it could not commit to a start date for construction of the project to create new shops between The Moor and Barker’s Pool, including a flagship new John Lewis.

The council said it decided to end its agreement with Hammerson in order to find a new developer which could start work as soon as possible.

Hammerson continued to stall on the scheme despite the Government allowing up to £30 million to be borrowed against future business rates, and the firm pressing ahead with projects elsewhere, such as in Leeds.

Coun Leigh Bramall, Sheffield Council cabinet member for business, skills and development, said: “We have been working extremely hard with Hammerson and John Lewis to redesign, market test and establish the viability of a new retail quarter scheme.

“Our view is the city can’t wait any longer.

“We have confirmed a scheme which is viable so we will now be seeking a new development partner to move the project forward in the shortest time possible.”

Sheffield City centre is a major feck up, all created by the council. Although it's nice to see that over inflated business rates are expected to fund the debt for this shopping mecca.

Share this post


Link to post
Share on other sites

http://www.thestar.c...uncil-1-5899719

Sheffield City centre is a major feck up, all created by the council. Although it's nice to see that over inflated business rates are expected to fund the debt for this shopping mecca.

Thought you already had a shopping mecca (hell) ? Called Meadowhall. Did the Council not think there would be a knock on effect?

Actually proud of the fact that I've never been to Meadowhell.

Edited by aSecureTenant

Share this post


Link to post
Share on other sites

Thought you already had a shopping mecca (hell) ? Called Meadowhall. Did the Council not think there would be a knock on effect?

Actually proud of the fact that I've never been to Meadowhell.

Meadowhell is a bit of a problem if your going to redevelop the city centre as is the lack of free parking in the city centre. Still the central planners know best.

Share this post


Link to post
Share on other sites

Yes, yes, of course it's all down to the council. Nothing to do with the developer. The council wasn't actually trying to develop, improve and regenerate the city centre, the aim was solely to drive up business rates.

Of course, that isn't what the press release says, only that someone got to borrow some government money (which they presumably have to pay back). More businesses = more rate revenue. I thought all creatures of the council bashing persuasion understood this simple equation. But it doesn't do any harm to misinterpret to fit a personal view, now does it?

At least it will give BBC Look Leeds something to crow about tonight. They've spent years hand wringing about the wacking great hole in the middle of Bradford, publicising the second-rate, undersized shopping centre in Leeds and the magnificent new, government funded Leeds Arena where they forgot to include parking room for tour lorries. Or cars. It's a pity Christa Ackroyd got the push, if she was reading the story tonight she'd be so excited I'd half expect her to pee herself live on TV.

Anyone who detects a conflict with Meadowhall has presumably taken a long, hard look at the original Sevenstone plans and came to a rational (but incorrect) view. I took a good look at the scheme and all seemed fine to me. I do hope it get picked up again, maybe in a diluted form and moved forward. At least the council didn't let the developer knock it all down and dig a big hole before stopping. The Bradford experience did us a great favour.

Share this post


Link to post
Share on other sites

At least it will give BBC Look Leeds something to crow about tonight. They've spent years hand wringing about the wacking great hole in the middle of Bradford, publicising the second-rate, undersized shopping centre in Leeds and the magnificent new, government funded Leeds Arena where they forgot to include parking room for tour lorries. Or cars. It's a pity Christa Ackroyd got the push, if she was reading the story tonight she'd be so excited I'd half expect her to pee herself live on TV.

Is there adequate links for buses / trains? Perhaps the main focus for the Arena wasn't touring musicians hence lack of parking for big lorries isn't an issue?

http://www.leedsarenacarparking.com/location.php

Car parking is a mere 5 minutes walk away.....

Share this post


Link to post
Share on other sites

http://www.thestar.co.uk/news/business/sevenstone-retail-developer-axed-by-sheffield-council-1-5899719

Sheffield City centre is a major feck up, all created by the council. Although it's nice to see that over inflated business rates are expected to fund the debt for this shopping mecca.

Hang on,

Business Rates are set by central government, not the council!

As has been said Business Rates are the nearest thing we have to LVT. Unfortunately, non of the other taxes SME's pay have been reduced. QAlthough if you pay a big enough bung to a certain right wing party HMRC are told not to go after you for tax (allegedly).

Secondly, The Severnstones development was supposed to have started under the last watch (Con Dem).

The headline is mis leading typical 'Chip Paper' style Star. Which is of course loosing its readership like a banker spending thier bonus.

Bonner

Share this post


Link to post
Share on other sites

Is there adequate links for buses / trains? Perhaps the main focus for the Arena wasn't touring musicians hence lack of parking for big lorries isn't an issue?

http://www.leedsaren...om/location.php

Car parking is a mere 5 minutes walk away.....

1st night, they ticketed all of Bruce Springstein's tour lorries 'cos they were parked on double yellows. You couldn't make it up. Apparently Elton John will be bringing his piano by public transport.

Of course, we all like to travel to a concert by bus or train or walk through an unfamiliar city to a car park at 11pm. ........................

Share this post


Link to post
Share on other sites

1st night, they ticketed all of Bruce Springstein's tour lorries 'cos they were parked on double yellows. You couldn't make it up. Apparently Elton John will be bringing his piano by public transport.

Of course, we all like to travel to a concert by bus or train or walk through an unfamiliar city to a car park at 11pm. ........................

Obviously a big selling point over Sheffield Arena which stupidly has it's own car park.

Is the lack of parking a cunning plan to increase ticketing revenues, especially if you can ticket the tour lorries.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 242 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.