Major Projects May Be Shelved Due To Funding Squeeze

Porthcressa regeneration may get shelved

The Council is going to have to prioritise the three major projects that the community has been consulted over because funding streams have changed in the past year.

This means one or more of the schemes could be shelved.

Council Chair Mike Hicks says the Porthcressa regeneration plan, to build a new library in the bulb store and enhance the seafront, is good but the cash for housing units won’t be coming from the Homes and Communities Agency and the project may go ahead in a more piecemeal fashion.

Council staff are continuing dialogue with the government over funding for St Mary’s quay, but Mike says they’ll have to make a decision in the autumn, when Parliament is back in session, on whether to continue with watered down quay improvements or accept that the project is dead for now, if the minister cannot offer cash to take the development forward.

The third major scheme on the table is elder care housing on the Carn Thomas school site.

Mike says the site is of concern because if it is left empty for years the building will deteriorate and become a liability but no guaranteed funding has been found yet. The cost of building here has meant our scheme appears too costly for mainland funding agencies.