Bradford Council’s executive today agreed to sign an agreement with a private company to develop homes, businesses and leisure between Bradford and Shipley in a proposed £500 million project.
The Council is set start a joint venture partnership with Urbo Regeneration Ltd to develop a 100-acre triangle of land off Canal Road.
It would form the centre of the Canal Road Corridor project which is one of the district’s four main “priority” areas for regeneration over the next 15 to 20 years.
The Council plans to a take a 19 per cent stake in a company set up with Urbo and appoint a member to its board. Councillor Adrian Naylor, executive member for regeneration, told the meeting there would be a further report on a business plan in the future.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here