Legal agreement snag stalls progress on the City Centre South plan in Coventry, raising concerns about project timelines.
A councillor voiced concerns about the City Centre South plan. Council documents revealed project delays are ongoing. These delays relate to legal agreements still in process. The council will delay a £15 million project investment.
Councillor Gary Ridley mentioned this on February 11. He requested an update from council officials at the meeting. Ridley thinks the City Centre South situation is worrying.
Richard Moon stated no legal problem exists with developer Hill. This statement addressed Ridley’s comments. Hill works to finalize their part with Homes England. This concerns affordable housing elements of the project.
Moon mentioned a legal deal needs completion. It’s between Hill and its affordable housing partner. Moon believes they will finalize the agreement soon. He thinks there is no major issue overall.
The scheme replaces city buildings with homes and shops. This area includes City Arcade and Bull Yard. Moon said he would report any fundamental project issues. He said the project is complex. He also said they reached the final land acquisition stage.
After the meeting, Ridley emphasized action. He says they need to “get cracking” on the big plan. He questioned the ongoing delays mentioned in reports. Ridley feels unsure about the answers received.
Ridley remains concerned about the project’s progress. He believes the city must deliver this project soon. He feels something must happen in that area. Right now, it’s just sitting there.