Cheshire East Council is set to consider multi-million pound plans to breathe new life into Crewe town centre.
The £48.3m proposals include the redevelopment of the Royal Arcade, refurbishment of the Market Hall and investment in public realm.
A report to the Cabinet later this month (September 12) will call for a development agreement with Peveril Securities – part of construction services group Bowmer & Kirkland – and developer Cordwell Property Group to transform the Royal Arcade with a new mixed-use retail and leisure scheme.
The project is expected to include an eight-screen cinema along with restaurants, shops and a gym, in addition to a new bus station and 450-space multi-storey car park. Both the bus station and car park would be funded and owned by the council.
To deliver the regeneration, the cabinet report will seek approval for £15m in council funding to be invested. The sum would be used alongside an allocation of £10m in funding from the Cheshire and Warrington Local Enterprise Partnership, which Cheshire East hopes to secure this month.
An additional £23.6m in private sector investment will fund the development’s commercial elements.
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