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To decide whether to make a further investment in the Lion Yard Shopping Centre in connection with the proposed part redevelopment of the shopping centre.
Decision type: Key
Reason Key: Expenditure > £300,000;
Decision status: Withdrawn
Notice of proposed decision first published: 21/05/2018
Decision due: 2 Jul 2018 by Executive Councillor for Transformation
Lead member: Executive Councillor for Transformation
Lead director: Programme Director – Major Regeneration
Department: Property Services
Contact: Dave Prinsep, Assistant Director, Assets and Property Email: dave.prinsep@cambridge.gov.uk Tel: 01223 457318.
Additional Information: This is a key item and will automatically appear on the agenda.
Background Information: The Council owns the freehold of Lion Yard Shopping Centre and discussions have taken place about the head leaseholder's proposed redevelopment opportunities. The Council has to approve the plans as Landlord and has a potential opportunity to invest in the redevelopment to generate additional revenue.
