Riverside Scheme to take Pontypridd Forward
January 24, 2008
The Welsh Assembly Government and Rhondda Cynon Taf Council are to begin detailed discussions with Taff Vale Ltd to progress the redevelopment of the Taff Vale Shopping Precinct in Pontypridd.
A detailed independent appraisal funded by the Welsh Assembly Government and Rhondda Cynon Taf Council examined issues relating to development economics, design quality and sustainability of the two proposals put forward for the site.
The Taff Vale Development, known as Riverside was considered and evaluated as offering the better potential for taking Pontypridd forward as a major shopping destination within the South Wales Valleys.
There are currently two private sector developments with outline consent for the Precinct site in Pontypridd, namely Valad (formerly Scarborough Holdings) and Taff Vale Ltd.
Leighton Andrews, Deputy Minister for Regeneration, said it was a positive step forward: “The Assembly Government and Rhondda Cynon Taf Council are now in a position to enter into detailed discussions with Taff Vale Ltd to take their proposals for the regeneration of this strategic site forward.”
Led by Welsh Assembly Government, detailed negotiations with Taff Vale Limited will now begin to establish the full potential of the Riverside scheme and ensure it can meet required standards expected by the public sector within an appropriate budget.
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