We can provide much-needed homes and new leisure facilities by attracting external grants, or borrowing paid for by the income generated from the project itself.
In pursuing these ‘self-funded’ longer-term regeneration and redevelopment projects a Labour Council will:
- Work to support the Town Deal bid and if it’s successful help to maximise the opportunities it offers;
- Aim to redevelop White Rock Gardens and the ‘Bohemia Quarter’ through a self-financing scheme to provide new leisure and entertainment facilities, new homes, and enhanced gardens and open spaces;
- Redevelop West Marina as a mixed-use housing and leisure development, incorporating a slipway, artists’ studios, holiday cottages, children’s play, and cafes;
Use a £6m Homes England grant to develop the ‘lower tier’ site off Bexhill Road to provide around 190 low-carbon homes (including at least 80 new social rented homes), new cycling and walking routes, enhanced sports facilities on the neighbouring sports pitches, and reducing the flood risk on this site and for neighbouring properties;
- Develop Cornwallis Street car park to create an 80-bed hotel to provide much needed quality tourist accommodation in the town centre;
- Work in partnership to complete the restoration of Pelham Arcade as a key heritage feature;
- Build a new café-restaurant in Harold Place to create a new landmark building and help boost the evening economy;
- Complete construction of the new Business Start-Up centre (to BREEAM standard) at Hollington, creating around 70 jobs.