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Expressions Of Interest

August 1, 2013
From Bridlington Free Press – Very good news that so many businesses have expressed an interest in Bridlington. It is not long ago ERYC were heralding well over 40 expressions of interest in their ill fated ‘Burlington Parade’ ( although Officers were equally vague about the exact number and nature of those interests)

Is what is really being said here that a quarter of those previously interested have pulled out alongside Tesco?

Any real world developer will tell you that expressions of interest are a long way from agreement to invest and no bank would ever finance a development on such a basis. ( if you have seen Dragons’ Den you will know what little credence investors give to expressions of interest)
To our cost we all know what happened when the Council built its whole AAP around nothing more then an ‘expression of interest’ from Tesco.

The big problem a stand alone development on the Coach park has no connection to the town centre so would be classified as edge of town retail development. This is a massive departure from the AAP and could prove contrary to national planning policy.Image


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