Decision details
Market Street Options Report
PDF 112 KBDecision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To consider the options report for the Council
for "Block D" as part of the Market Street development.
Decision:
That Executive Member for of Council Strategy and Community Cohesion agrees to delay the decision on Block D for a period for a period of 3 years and requests officers to assess “meanwhile use” options for this period, focused on public realm / community use of the space
Reasons for the decision:
The Pandemic has caused uncertainty in the office market globally. Current indications are that a permanent shift is likely to occur favouring smaller, more flexible units for office accommodation. Although there is some market confidence that the office market is likely to see recovery post Pandemic, this is by no means certain in the short to medium term.
Alternative options considered:
Detailed within the confidential report.
Interests and Nature of Interests Declared:
Councillor Brunel-Walker declared an interest being one of the Council’s representatives on the Bracknell Forest Cambium Partnership and would leave the meeting for the item.
Councillor Heydon declared an interest being one of the Council’s representatives on the Bracknell Forest Cambium Partnership and would leave the meeting for the item.
Reason Key: Expenditure > £400,000;
Wards Affected: Wildridings & Central;
Financial Impact: In report
Declarations: Councillor Brunel-Walker declared an interest being one of the Council’s representatives on the Bracknell Forest Cambium Partnership and would leave the meeting for the item. Councillor Heydon declared an interest being one of the Council’s representatives on the Bracknell Forest Cambium Partnership and would leave the meeting for the item.
Subject to Urgent Proceedings: No
Making Representations: In writing to the Executive Director:Resources
Contact: Stuart McKellar, Executive Director: Resources Email: stuart.mckellar@bracknell-forest.gov.uk Tel: 01344 352205.
Report author: Stuart McKellar
Publication date: 19/10/2021
Date of decision: 19/10/2021
Decided at meeting: 19/10/2021 - Executive
Effective from: 27/10/2021