Purpose

To provide Cabinet with an assessment of the
options for funding the pre-construction work on a new Winter
Gardens development project through the Bournemouth Development
Company joint venture.

Content

RESOLVED that: -

(a)         
Cabinet approves the BDC Partnership Business Plan
for 2025 – 2030.

(b)          
Cabinet confirms the extension of the Site Option
Execution Date to September 2028, allowing Muse as the Private
Sector Partner in the BDC to fund the first stage of work on the
new Winter Gardens scheme, resulting in a new Site Development
Plan. 

(c)          
Cabinet approves proceeding on the understanding
that public parking will not be included in a new scheme
design.
Voting: Unanimous
Portfolio Holder: Leader of the Council
Reasons
To contribute to
the Council’s Corporate Strategy, specifically helping to
revitalise high streets and regenerate key sites to create new
opportunities and to provide good quality homes that are
accessible, sustainable and affordable for all.

The draft Local Plan includes an allocation of 400 new homes in the
Bournemouth Arc area. This project offers the potential to make a
significant contribution to exceed this target.
The Council has
reserved the right for Cabinet to approve Site Development Plans
(SDP) and further approvals are necessary to vary terms.