It looks like the York Council will spend several million tomorrow buying the Unipart site on Leeman Road.
The site is described as an essential piece in the jigsaw of land ownership which must be rationalised before the ambitious York Central development can go ahead.
York Central is a 72-hectare (ha) area of land adjacent to the railway station and is one of the largest brownfield sites in northern England. It provides an opportunity for regeneration providing new homes and Grade A commercial office space. The site is identified in the Local Plan for residential development of up to 1,500 dwellings and 80,000 sqm floor space of high quality grade A office.
The Council is expected to pay over the market value for the Unipart site but is not releasing details of its bid.
The Council hopes that part of the funding will come from the Local Enterprise Partnership in the form of an interest free loan. This loan would be repaid over a 10 year period although it remains unclear how quickly the York Central site could start to produce revenue returns.
The Council originally allocated £10 million of taxpayers funds to support the project. £1/4 million of this has already been spent on salary costs while a further £1.56 million has gone on site preparation costs and other land purchases.
£7.4 million remains although the original expectation had been that this would be spent on infrastructure including an access bridge.
Now a report to the Council’s Executive tomorrow says that the bridge should be part funded by the West Yorkshire Transport Fund (£1.2 million) while the balance of the cost may fall on York taxpayers.
Joining the West Yorkshire Transport Fund is expected to cost York Council taxpayers over £1 million a year. As well as the York Central budget, York expects to get £34 million from the Fund to help pay for 7 new roundabout on the A1237 northrn by pass
A Council report says, “It current year prices the total York Central Access Scheme was projected to cost £45m predicated upon CYC using £33m of WYTF funding and £12m of local funds. The project was split into 2 main elements: An access route from the local road network (including bridge over the rail lines), the main crescent road and an access to the rear of the railway station (£27.5m) and the demolition of the Queen St Bridge and the creation of an improved transport interchange at the front of the station (£17.5m)”.
The Council remains officially undecided about the access route although three years ago it purchased land near Chancery Rise for the route. It is now promising that Alliance House (opposite the end of Cleveland Street) will not be demolished in the near future.
Sadly the area is already looking neglected.
Opponents of the Chancery Rise access option [the Friends of Holgate Community garden) have produced a report on the issue Click here to read
Nowhere in the papers being considered by the Council tomorrow has any attempt being made to provide a clear statement of both capital and revenue liabilities for York taxpayers. Many different aspects of the programme seem to rely on the Council being a financial underwriter. An uncomfortable position with the project already vulnerable to changing political and economic conditions.
So far a preferred partnership management and business model has still not been agreed