The planned regeneration of a key town centre site in Worthing has taken a big step forward after the Council agreed to join forces with an experienced government-backed development company.
In what is seen as a feat for the town, the innovative proposal will see Worthing Borough Council and publicly-owned firm LCR work in partnership to bring forward proposals for new homes, jobs, retail and possibly a cinema at Union Place.
Councillors agreed last night (Tuesday 10th April 2018) to push ahead with the deal with the company, which has an impressive track record of delivering world-class regeneration projects such as High Speed 1, St Pancras International, King’s Cross, the International Quarter London in Stratford and Mayfield in Manchester.
The belief is that it will ensure the regeneration of the derelict site can be brought forward at greater pace while a shared vision for the economic development of the town is created.
Martin Randall, the Council’s Director for the Economy, said: “The Council moved in to buy the site this year because we felt this major town centre site had remained idle for too long.”
“We promised that we would bring forward progress quickly and are therefore delighted to be able to agree this partnership.”
“LCR has a fantastic record in bringing forward award-winning landmark projects and it is a real coup to be able to tap into their top-level expertise to transform this part of Worthing. We’re looking forward to working with them on this project moving forward.”
Worthing Borough Council stepped in to buy Union Place from its private owners earlier this year in an effort to bring fresh impetus for development.
A decision to enter into an agreement with LCR was agreed by senior councillors on Adur & Worthing’s Joint Strategic Committee last night.
For full details, visit: https://www.adur-worthing.gov.uk/news/pr18-071.html