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City waives £700k Quartermile fees

posted 16 Sep 2010, 06:48 by David Rintoul   [ updated 16 Sep 2010, 07:15 ]

Bosses behind one of the Capital's biggest up-market housing developments are set to strike a deal with city planners amid fears the housing slump could see work grind to a halt at the site.

The city council has agreed to waive more than £700,000 in developers' contributions as part of a deal which will allow builders at the Quartermile development to press ahead with affordable housing.

A report due to go before the council's planning committee next week outlines how developer Gladedale is seeking to re-negotiate its contributions in light of the economic downturn.

The council has agreed to forego contributions worth £712,162 for improvements to local transport, schools and the environment.

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