Issue - decisions

Based on the information contained within the reports and due to the scale of potential benefits of an alternative scheme on Temple Island, which had been prepared and soft market tested by the Council, it was agreed to proceed with the alternative scheme.

1. The Council resolved not to progress further with the proposed Arena on Temple Island and to take all steps necessary and incidental to the cessation of that project.

2. The Council would continue to work with partners to develop an alternative mixed use scheme for the Temple Island site, with a view to bringing a worked up proposal(s) back to cabinet in due course. Ideally, any proposal should include the following uses:

a. Conference Centre and 4 or 5* hotel facility;

b. Commercial space with the supporting retail offer;

c. Residential units, including a policy compliant level of affordable housing.

3. The Council would develop a business case for the re-allocation to other projects of the £53m Economic Development Fund (EDF) money earmarked for the Arena project. Such business case to be submitted for approval to the West of England Local Enterprise Partnership at the earliest opportunity.