1 billion redevelopment for Coventry

[chillitt]

Or did I dream it? No! it's real!! BBC NEWS | England | Coventry/Warwickshire | Coventry £1bn redevelopment plan
What do you get for a billion nowadays? More importantly, Whose billion is it?

[cathidaw]

you may well ask. And also who decides what to spend it on.
About 18 months ago there was an article in the Coventry Telegraph telling us that Coventry had been given----or had found enough money to renew all of the street lights in the whole of Coventry and it was to start immediately. Ihave the date somewhere.
Iremember it well because , more than lighting we needed footpaths and roads repairing, but no-the wise men of the City decided to use it for lighting --against all opposition.
Can't say I have noticed new lights anywhere-maybe there were a few Ihave missed.
However..last week it was announced ---massive headlines in the Telegraph that Coventry had been given a grant to renew all of the lighting in the city.
Now- what happened to the other money?. Whose pockets did that go into.?

[Leofric]

Originally Posted by chillitt

Or did I dream it? No! it's real!! BBC NEWS | England | Coventry/Warwickshire | Coventry £1bn redevelopment plan
What do you get for a billion nowadays? More importantly, Whose billion is it?

It's private money from developers plus some from the council. There are three major landowners involved - Modus, Morley and the City Council.

This is very good news. Coventry City centre is an absolute mess, having been subjected to a series of botched attempts at regeneration over the years. This has left the city centre disjointed.

Added to current developments in the city - the big development at the Butts (Which is going to be home to a government department), the relocation of Severn Trent to a new office building near the police station, and developments such as Friargate & Belgrade Plaza - this is good. Hopefully they'll get it right this time!