Reassurances needed over Swansea City Centre redevelopment
Plaid AM Dr. Dai Lloyd has asked Swansea Council for reassurances over the development of Swansea City Centre.
Dr. Lloyd has written to Swansea Council Chief Executive Paul Smith following the news this week that a £200m flagship city centre scheme in Newport has been shelved by Newport City Council after it emerged that the developer behind the city’s Friar’s Walk had lost a number of investors, largely due to the global financial crisis.
Dr. Lloyd today stated:
“The Swansea City Centre Framework was launched amid some fanfare back in 2007 and I’m sure that many people in Swansea were excited to hear of the level of investment predicted for Swansea.
“Understandably the world economic crisis has taken its toll, and the flagship city centre redevelopment in Newport has had to be shelved due to a number of investors pulling out of the scheme.
“In 2007 we were told that the Swansea City Strategic Framework was based on robust evidence. I do feel that the Council needs to make a detailed statement with regards to the project’s future and it is with this in mind that I have written to the Council’s Chief Executive.”
