• Text size      
  • Send this article to a friend
  • Print this article

Aberdeen redevelopment plans delayed

PLANS to redevelop Aberdeen city centre have been set back after the council shelved an offer of £50 million from the businessman Sir Ian Wood.

The Wood Family Trust had asked Aberdeen City Centre for a quick decision on the proposal as it would be unable to keep the funds available beyond the New Year.

However, as the council were currently crafting a 'masterplan' to regenerate the town centre, it was unable to do so within the proposed timeframe.

A spokesperson from the council insists they have not rejected the offer outright, and they hope that the Wood Family Trust will continue to engage in the regeneration plans next year.

A report at the full council meeting read: "It is not currently possible for the council to provide the trust with the clear indication it seeks in relation to the design criteria stipulated as part of its proposed funding offer towards the cost of a city centre project.

"Given the generosity of the offer made and the ongoing commitment to seeing a transformational development of the city centre, it is hoped that the Wood Family Trust will actively engage with the masterplanning process as it unfolds."

Major plans worth £140m to redevelop the city's Union Terrace Gardens were rejected by the council last year.

Contextual targeting label: 
Local government

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

200458