Barnsley Council has decided to provide £70M in funding for the construction of a £120M retail-led development in Yorkshire, UK.
The council is now funding the entire development, as it has previously committed £50M to finance the first phase of the project.
The Glass Works will be located on a 3.8ha site around Cheapside. It will feature a 54,813 sq m family-led day time and night time offer, including a range of new shops and restaurants, a multiplex cinema and bowling. It will also include a central library and public realm.
The first occupiers of the project are Cineworld and Superbowl UK. Cineworld signed a 20-year lease agreement for a 13-screen multiplex cinema and Superbowl UK has taken 1,670 sq m on a 20-year lease.
Barnsley Council leader, councillor Sir Stephen Houghton CBE, said: “We are delighted to announce that we will be funding the delivery of The Glass Works, the new and exciting leisure and retail scheme in Barnsley town centre.
“We are investing another £70M in addition to the £50M already committed making a total investment of £120M, giving Barnsley something it has lacked for a long time. This has been a priority for the council for many years now and we are finally moving forward and giving Barnsley what it deserves; a vibrant town centre.”
Construction work is currently in progress on the first phase of the project. Development managers Queensberry and Turner and Townsend will submit a planning application for the second phase of the scheme in the near future.
The Glass Works is scheduled to be complete in spring 2020.
* Data provided by Timetric's Construction Intelligence Center.