Wakefield Waterfront Project proposal to be discussed
Senior councillors are being asked to approve a package of measures to support the final stage of the Wakefield Waterfront Project.
The redevelopment of Rutland Mills is a key part of the Wakefield Waterfront Master Plan, which began in 2009, to regenerate and transform the historic area and its 10 acres of land.
The plan – now in its third phase - will give the mill buildings a new lease of life, creating a new cultural destination in the north of England to benefit people and businesses.
The redevelopment will support the Council's economic plan to encourage jobs and skills in creative industries and growth by unlocking continued development at the Waterfront.
Members of Wakefield's Cabinet, meeting on June 11, are being asked to agree a detailed plan which sets out finalising legal documentation and completing the process for securing external funding.
Cllr Denise Jeffery, Cabinet Member for Economic Growth and Regeneration, said: "This is a major re-development which will have a positive impact by supporting our district's economy for years to come - by increasing skill levels and creating better jobs to give residents greater opportunities to succeed in the labour market.
"The re-development will transform this historic area of our city into a vibrant, culturally rich environment that we can all be proud of."
The Council has agreed heads of terms with developer City and Provincial Properties Investments Ltd, which owns and operates Tileyard Studios based in King's Cross and which plans to deliver Tileyard North, a new creative area for Wakefield. It's to include studios, an arts gallery, conference space, education and training spaces, retail outlets, restaurants, cafes and a miocrobrewery and hotel.
Paul Kempe, Director of City and Provincial Properties PLC, said: "We will be utilising the Tileyard brand as part of the ongoing regeneration of Rutland Mills to provide a thriving creative hub, to include a host of complementary uses including residential, start up hub, event space, music education and studio complex along with cafés, bars and restaurants exploiting the waterfront facilities of Rutland Mills.
"We are pleased to be working with both Wakefield Council and The Hepworth Wakefield to deliver this exciting project."
Councillors are also being asked to approve an additional £1.2m of funding from the Council's Capital Programme to tackle the deterioration of the phase 1 mill buildings, and for £2.1m of funding for work to safeguard building for phase 2 of the project.
Rutland Mills is adjacent to the site of The Hepworth Wakefield, the city's internationally acclaimed art gallery.