
Wokingham Borough Council hoped to have the new town centre up and running by 2016
advertisement
Town centre 2016 regeneration deadline ‘not set in stone’
By Victoria SmithFebruary 28, 2012
Wokingham may have to wait longer for its town centre regeneration but the project will not create empty units, council bosses have promised.
Wokingham Borough Council hoped to have the new town centre up and running by 2016. Although it remains committed to the project, stumping up £37 million in funding over the next few years, it has admitted it may not hit this deadline.
Leaders behind the project, which the council launched in 2008, say shop units will be built to demand, so tenants will be lined up to open for business as soon as building work is complete.
Councillor David Lee, leader of the council, said when asked if townspeople could expect the town centre to be completed by 2016: “It may or may not.
“The issue is all about pre-letting. We can’t gamble with residents’ money by building shops in the hope Fred Bloggs might come along and rent it.
“We can’t build a building until it’s pre-let.”
A similar method has been adopted by Bracknell Regeneration Partnership (BRP) in the long-awaited regeneration of that town centre, however this scheme has also hit delays due to the economic downturn.
BRP recently won planning permission for a redevelopment of Princess Square in Bracknell town centre including a large new store, however a tenant has not yet been confirmed for the new unit and BRP has said it is not expecting to make another announcement on this until the summer. Cllr Anthony Pollock, executive member for finance at Wokingham, said Wokingham is a very different town centre compared to Bracknell and this would be reflected in the success of the Wokingham regeneration.
He said: “Bracknell is different, the Bracknell demographic is different, the retail offering is different. I remember going to see it [Bracknell] in 1973 and I think it was 20 years before I went back and I won’t be going back.”
Cllr Lee added the demand-led method of building was being used by Segro at IQ Winnersh business park, where a 20-year planning permission was granted for a multi-million pound redevelopment of the site. He said this method means Wokingham has a very low amount of empty office space.
Cllr Lee said: “If you look at Bracknell there are millions of empty square feet of offices. We are not suffering from that because there is a sensible approach to letting.”
The council plans to start the regeneration project by refurbishing the frontage of shops on the corner of Rose Street and Market Place, including the Clarks shoe shop. This is expected to begin this year.
In the later stages of the project, which will include sites in Peach Street and on Elms Field, new shops and restaurants will be created, along with a supermarket and hotel.
The council is already receiving interest from retailers wanting to move into the town.
Cllr UllaKarin Clark, executive member for internal services, said: “The attraction of Wokingham is that it is a market town and there are a lot of companies that would like to work in that environment. We are very lucky.
“We have many companies that have expressed an interest in coming to Wokingham.”
The town centre regeneration is a major feature of the council’s budget for 2012/13.
When the scheme is built, it is expected to generate £4 million annually in rents for the council, which is planning to retain all the assets when they are complete.

Browse Sections



Most recent user comments 14 of 15
28/02/2012 at 16:03 Offensive or Inappropriate?
Please let us know the reason you find the above comment inappropriate.
I agree with previous comment the way that Wokingham BC works is that we will proabably be Wokingham DC again before this actually happens as the wheels turn very slow if not virtually motionless round here.
Does anyone remember the Wokingham Distribution Road which was proposed about 20 years ago the council brought houses ready to demolish and then nothing.
28/02/2012 at 15:27 Offensive or Inappropriate?
Please let us know the reason you find the above comment inappropriate.
28/02/2012 at 15:05 Offensive or Inappropriate?
Please let us know the reason you find the above comment inappropriate.
#OccupyElmsField?
28/02/2012 at 14:24 Offensive or Inappropriate?
Please let us know the reason you find the above comment inappropriate.
Please don't say 'consultation period', because that's Orwellian doublespeak for 'lip service'.
Oh, nor 'vote for someone else' - that would have no effect on this situation.
28/02/2012 at 13:40 Offensive or Inappropriate?
Please let us know the reason you find the above comment inappropriate.
Sadly, I suspect WBC see buildings as a revenue source; business rates or council tax and open space as a cost; maintenance etc.
I think we should have more open spaces rather than less. I think a green open space, such as a small garden, in the town centre where office staff could chill at lunch time away from their desks, would be good for everyone's well being but, for the reasons previously stated, I suspect it won't happen.
Councils, always seem to me, to put revenue streams ahead of everything else.
28/02/2012 at 13:05 Offensive or Inappropriate?
Please let us know the reason you find the above comment inappropriate.
28/02/2012 at 12:55 Offensive or Inappropriate?
Please let us know the reason you find the above comment inappropriate.
28/02/2012 at 11:49 Offensive or Inappropriate?
Please let us know the reason you find the above comment inappropriate.
Speaking personally as someone who lives just off the high street, I shop in Reading; sticking a massive John Lewis or the like at the bottom of Elms Road is not going to change that, but might encourage me to move out of town in search of somewhere I can still find a tree within a mile of my home.
28/02/2012 at 11:35 Offensive or Inappropriate?
Please let us know the reason you find the above comment inappropriate.
28/02/2012 at 11:28 Offensive or Inappropriate?
Please let us know the reason you find the above comment inappropriate.
Curing this malaise is not a simple matter of filling the empty shops with arts centres and extensions to estate agents but filling them with genuine retail businesses.
28/02/2012 at 11:24 Offensive or Inappropriate?
Please let us know the reason you find the above comment inappropriate.
what's the betting we are still talking about this, with some new lovely 'artists impressions' come 2025?
28/02/2012 at 10:56 Offensive or Inappropriate?
Please let us know the reason you find the above comment inappropriate.
May or may not happen by 2016? Oh sweet lord...
28/02/2012 at 09:31 Offensive or Inappropriate?
Please let us know the reason you find the above comment inappropriate.
28/02/2012 at 08:56 Offensive or Inappropriate?
Please let us know the reason you find the above comment inappropriate.