Decision details

16.1

To provide an update the current position with the marketing of the former Cole Brothers store in Barkers Pool.

16.2

RESOLVED UNANIMOUSLY: That Strategy and Resources Policy Committee:-

(a) notes the current position in respect of the former Cole Brothers store in Barkers Pool and approval given to the next steps, as set out in the report; and

(b) agrees that the process to secure a developer continues as planned and that a further report be brought back to this Committee following the elections in May for selection of the preferred developer.

16.3

Reasons for Decision

16.3.1

Officers are pleased with the range, number and quality of submissions received at the current stage of marketing, particularly given concerns raised when the building was listed. The next steps set out in this report will give sufficient time for the bids to be fully explored and further clarifications obtained in advance of final bids.

16.3.2

The timescales proposed are considered to be sensible given the need to give officers and the developers the opportunity to secure the best outcome for the future of the building and positive benefits of the Heart of the City project and wider city centre.

16.4

Alternatives Considered and Rejected

16.4.1

This report simply updates Members on the current position and next steps with the marketing of the building and decision making timescale. Members could decide to pause the process but to do so would lead to further delays and uncertainty around what is an important building for the regeneration of the city centre and of a lot of interest from many people both within and outside of Sheffield. There is also a risk that developers currently interested in the scheme, could withdraw.