Prime development land to be sold off by council for just £4
manchestereveningnews.co.ukThe £75m transformation of Church Wharf has taken a step forward after Bolton Council struck a deal to sell the land to a developer for just £4.
The authority has agreed a phased transfer of land to developers Watson, essentially giving land valued at £1.2m to enable a ‘viable’ scheme.
The town centre construction project will include a hotel and more than 400 new homes delivered in stages over a four-year period.
Bolton Council said the ‘creation of this vibrant new urban neighbourhood is possible thanks to our direct intervention’. The council previously acquired land and a number of properties backing on to Bank Street and Manor Street before carrying out full demolition and making it ready for development. READ MORE: Girl, 11, killed by an 'indefensible punch' her family then tried to cover up This week, the council’s cabinet agreed to a phased sale of the land to Watson for a nominal fee of £1 for each development stage.
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