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9:30am Wednesday 3rd June 2009 in News
By James Wallin
SWINDON’s town centre regeneration is going back to the drawing board after one of the developers went into administration.
The Regent Place scheme, on the site of the Granville Street car park, is on hold after Modus Ventures, the parent company of developers Modus (Swindon) went into administration.
The £215m development with Modus (Swindon) still stands, but the developer is likely to go the same way as its parent company when a winding-up petition finally reaches the courts. Now Swindon Council and the New Swindon Company are taking the opportunity to re-evaluate the scheme – which could move away from big-name shopping developments to feature smaller, independent traders, as well as restaurants and a supermarket.
Peter James, chief executive of the New Swindon Company, said: “We will be going back to the drawing board to a degree but it may not necessarily hold the development up.
“The original scheme involved compulsory purchase orders of £40m on properties around the site, which would have taken 18 months to two years to carry out.
“The scheme that we are possibly thinking about may not require the acquisition of properties outside our control. The council already owns Iceland and the car park.
“We are re-looking at the proposal because the market is so bad. To put together a 50-unit scheme just does not make sense in the current climate because there are not 50 retailers out there coming to Swindon.
“We are not trying to compete with Cribbs Causeway or The Oracle. We need to concentrate on making Swindon special and attracting people to the centre. We are looking at bringing more restaurants into the town centre.
“Maybe there’s room for food retailers to come into the town centre. If there was a big supermarket interested maybe they could go onto the Granville Street car park site. It would be something to attract people in and then there could be restaurants attached to it.”
Coun Phil Young, the council’s lead member for regeneration said: “The Modus scheme was the right one for the time but we now have to look at how the market has changed and see how our regeneration fits into that.
“We want to build a centre for the town rather simply a town centre.
“It’s a great opportunity to reflect on what will bring people to Swindon, considering there are already two huge shopping developments at Bristol and Reading.
“I think our reputation for putting on music is growing so perhaps we could look into something in the town centre. We have more and more happening at the Arts Centre, but that’s not the biggest building. We could have more green spaces – create an atmosphere that attracts people to the centre.
“We want to look at some consultation with the community to find out what they want to see there.”
Comments(23)
Robert Feal-Martinez
says...
9:56am Wed 3 Jun 09
Janais is back
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10:11am Wed 3 Jun 09
swindonsnumberonegay
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10:13am Wed 3 Jun 09
Ardiles
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10:15am Wed 3 Jun 09
Janais is back
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10:22am Wed 3 Jun 09
Common Dreads
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10:59am Wed 3 Jun 09
Janais is back
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11:19am Wed 3 Jun 09
Al Smith
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11:28am Wed 3 Jun 09
emz1200
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11:31am Wed 3 Jun 09
Robert Feal-Martinez
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11:35am Wed 3 Jun 09
RF1
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11:36am Wed 3 Jun 09
yeti
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11:39am Wed 3 Jun 09
Kineasy
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12:14pm Wed 3 Jun 09
RF1 wrote:Yes! Start with the phone shops and takeaways. Do away with bus stops. Have out of town Dole Offices, Move Watt Tyler Kremlin and its residents to Nuneaton. No right minded person wants to shop in Swindonistan. The place is a disgrace. Unlike Coventry, Bristol etc. it was never bombed so was never redeveloped. Better late than never. Flatten it now.
Swindon town centre is an unsightly boil on the backside of Wiltshire - it should be bulldozed back to the stone age and then left as a permanent monument to all those twonks who always knew best and never felt the need to listen to the people who really mattered - us.
Always Grumpy
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12:47pm Wed 3 Jun 09
Ardiles wrote:Sadly, I think you're right.
I have suspected as much for a long time - but this is the first time I have seen it written that civic leaders have accepted Swindon will play second fiddle to Bristol and Reading in future. Both of these places stole a march on Swindon, and now Swindon is so far behind that it will never catch up.
For big ticket items, Swindon people will be expected to get in their cars and drive for an hour. I think that's sad, not least because the expansion of Swindon is far from over. Despite the warm words and talk of 'making Swindon special', this simply feels like plans are out there to create the bargain basement town of the future.
Wellfire
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3:35pm Wed 3 Jun 09
johndawson
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5:22pm Wed 3 Jun 09
Kineasy
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5:39pm Wed 3 Jun 09
Janais is back
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5:45pm Wed 3 Jun 09
bilzinuk
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6:38pm Wed 3 Jun 09
IMO
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8:40pm Wed 3 Jun 09
Swindon_AOK
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11:12am Thu 4 Jun 09
Kineasy
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3:49pm Sat 6 Jun 09
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localgirl80 says...
9:52am Wed 3 Jun 09