OLDHAM Council is set to formally launch its search for a development partner to deliver its Town Centre Masterplan.
Subject to Cabinet approval on Monday, March 26, OMBC will undertake a summer hunt for a partner to help produce a scheme to transform the town over a 10 to 15-year period.
The Masterplan outline went out to public consultation last year and has since been refined based on feedback and the input of a team of top industry advisors.
The vision centres on significant areas of publicly-owned land where many sites are under-utilised or have buildings coming to the end of their economic life.
Totalling around 21 acres in size, these include Tommyfield Market, the Civic Centre, Oldham Police Station, the former Oldham Sports Centre and former Magistrates’ Court, and the current Oldham Coliseum Theatre.
The Masterplan benefits will be the building of new homes, new and refurbished employment space and economic activity worth an estimated £50 million each year to Oldham’s economy, as well as hundreds of new jobs.
As part of the updated vision, Tommyfield Market traders are set to be relocated to a new temporary home.
At a recent meeting with market traders it was agreed that Oldham Council will examine how it can support them over the next 18 months as part of the transition period while the new market hall is built.
Cabinet will be asked to reduce rent levels to demonstrate their support and commitment to traders.
The original masterplan proposals included retaining the Queen Elizabeth Hall but it has now been determined that it falls short of the event and conference venue standards that will be required.
Cabinet is being asked to consider demolition of the Hall. This would mean the relocation of the proposed hotel to the former Magistrates’ Court area with combined new conference facilities to also be housed on the site.
The remainder of the existing Civic Centre site would then be released for redevelopment.
Following a competitive dialogue process, the selection of a preferred partner and the start on-site for works are expected in Autumn 2019.