COUNCILLORS are set to meet to decide whether to push ahead with plans to buy a derelict retail site for a seven- figure sum.
Earlier this month, councillors on Hartlepool Borough Council’s finance and policy committee backed plans to secure Jacksons Landing, on Hartlepool Marina, which has been empty since July 2004, in order to secure the site to be redeveloped.
That was subject to full council approval and that meeting is due to be held this Thursday.
The confidential price is understood to be seven figures but lower than the rumoured £2m price.
It is expected to be funded by a loan with officers confident of securing an interest-free, two-year “Growing Places” loan.
Finance and policy committee members gave officers the green light to buy the five-acre site instead of withdrawing its interest and relying on the owner to market the site.
No “specific” use has been identified but officers said securing it would prevent “external predators” from buying the land from owner Schroders without developing it.
Councillors are asked to approve confidential proposals to buy Jacksons Landing.
They are also asked to approve that by December 2014 the council will either have identified an alternative use for the site or achieved an onward sale.
Officers have warned if that is not achieved then the council will face an unbudgeted revenue cost.
The full council will meet at 7pm tomorrow at the Civic Centre, in Victoria Road.
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