To feedback on engagement with potential occupiers pre-application planning submission, engagement with the Environment Agency and update on financial analysis including production of cost plan following the decision in September.

Decision

That the Management Committee

(a)          Note and accept the findings of the work undertaken by Cushman and Wakefield, set out in the report and the confidential appendix.

(b)          Agree that Cushman and Wakefield undertake and progress the outstanding investigations and issues noted in the report, utilising the current scheme budget allocation.

(c)          That a report be received by the committee in February 2017 detailing the economic impact of the proposed scheme on the Borough.

(d)          That a report be received in March 2017 on traffic management proposals linked to the scheme.

(e)          That a report be received in April 2017 addressing the issues identified in section 47 – Next Steps of the report, including scheme phasing and financing options.

(f)           Note that the progression of a "meanwhile uses" strategy for the existing peninsula buildings to bring buildings back into use has been successful with all available buildings having potential short term occupiers, with those lettings now being progressed.