Barnsley Council proposes to implement a
three-phase project to secure the Alhambra as a viable and
sustainable economic asset for Barnsley town centre.
The delivery of the project requires Barnsley Council to draw down
a maximum of £63m of its SY Gainshare allocation over the
period 2024-2050: This is made up of £36m capital to deliver
Phases 1 and 2 and up to £29m revenue to finance the interest
payments.
The OBC was approved Sep-23, with draw down of development grant
(£4.6m) approved at Programme Board Apr-24.
BMBC have requested a further £1.25m development funding to
be released to fund their continued investment as the project
progresses (uplift the release of development cost funding from
£4.6m to £5.85m).
Decision type: Non-key
Decision status: Recommendations Approved
Notice of proposed decision first published: 27/06/2024
Decision due: 26 Jun 2024 by Section 73 Officer
Contact: Gareth Sutton, Executive Director of Resources & Investment Email: charli.taylor@southyorkshire-ca.gov.uk Email: Gareth.Sutton@southyorkshire-ca.gov.uk.