Concert hall to be looked at as part of development plans

Aerials of North Westgate ENGEMN00120120803144038Aerials of North Westgate ENGEMN00120120803144038
Aerials of North Westgate ENGEMN00120120803144038
Any redevelopment of the derelict North Westgate site could feature a concert hall, according to the leader of Peterborough City Council.

Councillor John Holdich said he wants to see a leisure facility at the site, but has ruled out it being a cinema with an Odeon set to open at nearby Queensgate Shopping Centre.

The council is investing £15 million to kick-start the regeneration of North Westgate, with the money used to buy and land property at the site to allow for development to take place.

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Cllr Holdich said: “Peterborough lacks a concert hall but it has to be financially viable. With all the different surveys we’ve had done for Peterborough a concert hall does not stack up, but if you get one near the station and bus station it could be a different story. But we need to look at that.”

The £15 million of capital funding is included in the council’s 2017/18 budget plans, with interest of £45,000 to be paid every year to borrow the money.