Enterprise zone regeneration plans collapse
Tue 29th January 2013, 4:26 pm
A West Midlands council is to appoint experts to advise on decontaminating a former copper works site in the Black Country enterprise zone, after negotiations with a prospective partner broke down.
Walsall Council said that developer Parkhill Estates had withdrawn from discussions with the council and regeneration quango the Homes and Communities Agency over the Phoenix 10 site.
But a statement said that regeneration bosses at the council are still committed to turning the 15ha site into a new business location.
Adrian Andrew, the council’s portfolio holder for regeneration, said the project remains on target for the original planned timescales.
He said: “We continue to be deeply committed to turning the Phoenix 10 site into a place that provides hundreds of new jobs and are grateful for the interest that Parkhill showed in the site, but we now need to quickly move the project forward.
“It’s right next to the M6 and brilliantly located, and while we must first overcome the hurdle of reclaiming the land we are looking to understand the best way of attracting investment and jobs onto the site.
“We’re working with specialists who will give us a more complete picture of the reclamation and redevelopment options for how we should move forward."
The council expects a report into how to deliver development on the site by March.
Enterprise zone status gives financial incentives to businesses and makes it simpler for would-be developers to secure planning to attract new businesses.
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