Cabinet:
1)
NOTED the progress made on the Asset
Development Programme (ADP).
2)
REAFFIRMED the need to diversify the
Parkside offices in accordance the aims of the ADP which seek to reduce costs,
increase income, and support the local economy.
3)
CONFIRMED the Council’s interest in
further exploring the option of accommodating a hotel on part of the Parkside
offices site, but prior to progressing with the procurement, and more detailed
financial and legal appraisal, request the following be provided in a
subsequent report to the June 2023 Cabinet meeting:
3.1) A summary of the detailed analysis of alternate options identified in the report and their implications for the site.
3.2) Provision of an economic impact assessment for the options considered, including the hotel.
3.3) Any further soft market testing that may be required to support the analysis.