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13.1 |
The Executive Director, Place submitted a report updating Cabinet on progress at the Olympic Legacy Park and to approve delegated authority to support the further development of the site through discussions and negotiations with potential investors in the OLP site |
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13.2 |
RESOLVED: That Cabinet:- |
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(a) |
notes the progress that has been made in transforming the former Don Valley Stadium site to the Olympic Legacy Park through;
o the setting up of LPL to cement public sector partnership working and create a vehicle to engage with the private sector, o the construction and opening of both the academy and University Technical College, o the delivery of the 3G pitch and appointment of an operator, o completion of the impressive public realm on the site and its management by Legacy Park Limited (LPL), and o the funding and agreement with Sheffield Hallam University for the building of the Advanced Well-being Research Centre; |
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(b) |
in relation to the stadium, endorses the recommendation from LPL that the preferred solution is the one submitted by Scarborough International Property Limited (SIPL) and approve further dialogue to reach agreement with SIPL on terms for disposal so that the stadium can be delivered; |
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(c) |
endorses the principle that Sheffield Eagles Rugby League Club should be allowed access to play at the sports stadium provided a commercial agreement can be reached with the operator; |
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(d) |
in relation to the indoor sports arena, notes the progress that has been made so far with Park Community Arena (PCA) and approves further dialogue to reach agreement on terms for disposal with the proviso that agreement shall be reached by the end of October 2017; |
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(e) |
notes the preferred solution for school indoor sports access is the sports arena and to endorse the principle for the school indoor sports that the access for the school be legally secured in the event of a change of ownership or operator and to note this may affect the value of any premium to be received by the Council; |
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(f) |
authorises the further discussion with SIPL and Sheffield Hallam University to progress options for the remaining commercial sites and wider options for the long term future of the OLP; and |
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(g) |
delegates to the Executive Director, Resources, in consultation with the Leader; and the Chief Property Officer, authority to agree terms for disposal of sites on the OLP, and take such steps not covered by existing delegations as he feels appropriate to achieve the outcomes in the report. |
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13.3 |
Reasons for Decision |
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The option set out in the report is regarded as the best solution for delivering the vision for the site. It also allows the future development of the site with no calls on Council funding or subsidy. |
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13.4 |
Alternatives Considered and Rejected |
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A number of alternatives were considered ranging from pure commercial development through to a totally public-sector led project. The project outlined in this report, which combines commercial and public sector and aims to have both economic and social/health benefits, is by far the best option available. |
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13.5 |
Any Interest Declared or Dispensation Granted |
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None |
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13.6 |
Reason for Exemption if Public/Press Excluded During Consideration |
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None |
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13.7 |
Respective Director Responsible for Implementation |
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Laraine Manley, Executive Director, Place |
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13.8 |
Relevant Scrutiny and Policy Development Committee If Decision Called In |
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Economic and Environmental Wellbeing |
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