Regeneration plans for Dumballs Road in jeopardy
Earlier in 2014, we brought you news that Cardiff Council plans to create a new riverfront community on a run-down industrial estate situated on Dumballs Road in Cardiff Bay.
However, while Cardiff Council and Bellerophon have announced details on the project, the plans could now be in jeopardy after one local business on the estate refused to sell their plot of land to the authority - a scenario which could make it difficult for Cardiff Council to submit a planning application for the whole site.
Cardiff Council’s current redevelopment plans
Cardiff Council hopes to redevelop the 33-acre industrial site into a new riverfront community called Cardiff Embankment. The development would include over 2,000 new homes (of which 950 are earmarked as affordable housing), as well as cafés, bars, a new primary school, a bridge across the River Taff to Grangetown, and new Greenland areas. The Council also hope that the development will create over 3,000 construction jobs and 500 long-term jobs once it is finished.
Difficulties in acquiring the land
The current land is occupied by a number of local businesses, which has made it difficult for the Council and the developers, Bellerophon, to acquire it due to the number of separate negotiations which needed to take place. However, Bellerophon managed to acquire 68% of the land by the end of 2013 and hoped to increase this by 22% in early 2014 (although no figures have been released on this as of yet).
According to the Council, the last stumbling block to acquiring the land is a small local business called ICML. ICML are reluctant to sell to the Council, causing not only headaches for both the authority and Bellerophon, but also anger and confusion amongst the local businesses that have already agreed to sell. Many of these businesses cannot understand why ICML are so reluctant to sell, when many call the development a “once-in-a-generation opportunity” that will hopefully help the Cardiff economy as well as improve transportation links between Cardiff Bay and the city centre.
Make Cardiff your new home
Cardiff is a beautiful city and a great place to live; many areas of the city are currently undergoing redevelopments, from the new ‘gateway to Wales’ near Cardiff Central train station to the reopening of a Gothic mansion in Llandaff. The city is also well known in the sporting industry; it is currently the European Capital for Sport and has also been selected as the location for the 2016 World Half Marathon Championships.
If you’re planning on studying in Cardiff in September and are looking for student accommodation, Capital Properties can help you find suitable accommodation in many areas of Cardiff including Cathays and Roath. Contact the team today or drop us a message on Twitter, Facebook or Google+.