Plans to develop local area take a step forward.
The area around the Weston Homes Community Stadium could soon begin to take shape, after the council agreed to a new partnership to develop the Northern Gateway site that surrounds the home of Colchester United.Colchester Borough Council has agreed to grant a leasehold interest to Turnstone Colchester Limited, who will deliver an exciting new sports and leisure development at Colchester's Northern Gateway site.
The site hosts 18 acres of development land, located at junction 28 of the A12. It is situated within the Northern Growth Area and benefits from the recently completed Northern Approach Road from Colchester Town Centre.
The Council sought expressions of interest from developers with the skills, ingenuity and capacity to deliver a leisure development opportunity in line with the principles of the masterplan prepared by Allies and Morrison.
The masterplan aimed to create a new gateway destination for Colchester, and the wider region, offering participation sports and family leisure, which is supportive of the Town Centre.
After undergoing a thorough procurement process, Turnstone were selected as the preferred bidder.
At the Council's Revolving Investment Fund (RIF) Committee meeting on Wednesday night, the RIF committee decided to approve the recommendation to grant a leasehold interest to Turnstone.
- 12 screen Regional cinema with IMAX and 4DX provision over 40,000 sq ft.
To see the proposed site plan, click HERE.
Councillor Bill Frame, Portfolio Holder for Economic Growth and Planning said: "Granting leasehold interest in this site to Turnstone is an extremely exciting and "It will be a real boost for economic development across the borough and will also create substantial job opportunities.
significant step forward in the development of the Northern Gateway.
"This development will deliver a high quality, sustainable destination within the Borough to promote new sports participation and provide a regional quality leisure experience.
"It will complement the Colchester Town Centre offer and provide benefits for both residents and visitors alike."
Leader of the Council, Councillor Paul Smith said: "I am extremely pleased the recommendation has been approved by the RIF committee.
"This innovative new site complements the wider plans for the growth of new communities at sites across North Colchester.
"This development is a key example of how the Council is becoming more commercially focussed in order to deliver its strategic priorities. The development will generate significant new income streams to help support the Council to maintain its front line services."
It is estimated that the development will create in the region of 600 new full and part time jobs, linked directly or indirectly to the scheme and 233 additional jobs involved in the construction of the site.