A MAJOR regeneration plan for Leeds could be given a boost next week, as council bosses consider buying up several key assets on the Holbeck Urban Village site to help drive the project forward and secure its future.
Senior councillors will next week debate taking ownership of the freehold of Leodis Court and the lease of the Round Foundry Media Centre.
The two buildings currently belong to the Homes and Communities Agency (HCA) but following a review of its own assets, it now wants to sell them to the council.
A report to the council’s decision-making executive board says the move is designed to help ensure the two buildings are part of the overall development vision.
The YEP reported earlier this month that the council had agreed to sell its share of the Tower Works site, the Engine House, in a bid to secure development . Most of that site is also owned by the HCA.
Leeds City Council’s executive board member for the economy and development, coun Richard Lewis, said: “Taking ownership of these assets would allow us to use our position to help deliver our regeneration ambitions for Holbeck Urban Village and ensure this area reaps the benefits.
“We’ve been working closely with the HCA to identify how the public sector can best collaborate and use its assets positively, not to increase its portfolio stock but to stimulate economic growth in this part of the city.
“The Round Foundry Media Centre plays a key role in the city’s creative and digital economy and Leodis Court is an important site as an economic asset. Confidence in Holbeck Urban Village is growing more. We are committed to working with partners to realise this potential and secure regeneration, economic growth and new employment opportunities.”
Holbeck Urban Village forms part of the city’s ‘South Bank’ vision. It is seen as an attractive draw because it is near the city centre, railway station, waterfront and motorway network.