Southampton’s proposed Royal Pier Waterfront scheme – a £450m waterfront development deal to include a hotel and a casino on land reclaimed from the River Test in Southampton – has been terminated by the City Council.
The BBC writes:
Southampton City Council said it had ended an agreement signed in 2014 with developer RPW Southampton Ltd but did not explain why.
Councillor Daniel Fitzhenry said the scheme was back at “base point”….
In a statement, Southampton City Council said: “As one of the landowners of Royal Pier Waterfront, Southampton City Council terminated the conditional landowner development agreement with RPW (Southampton) Limited.”
The authority said it “welcomes all expressions of interest from potential investors”.
Conservative group leader Daniel Fitzhenry said he believed the deal had been cancelled due to insufficient progress…
For morebackground see LocalGov
