The City of Edinburgh Council in the UK has unveiled plans for £1.3bn regeneration of the city’s brownfield site at Granton Waterfront into a new coastal town.
The regeneration plan calls for the development of former industrial land to bring new homes, business, culture, leisure, learning and employment opportunities.
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The proposed scheme involves the construction of about 3,500 new homes, a school, a medical centre, new cycling and walking routes and establishing sustainable transport connections with the city.
Additionally, the plan involves a new coastal city park that will link Granton Harbour to Gypsy Brae.
The City of Edinburgh Council leader Adam McVey said: “We’ve made a commitment to become a net-zero carbon city by 2030 and the regeneration of Granton offers the perfect opportunity to showcase how this can be delivered.”
The council has already committed to invest £196m to accelerate the regeneration scheme.
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By GlobalDataThe City of Edinburgh Council depute leader Cammy Day said: “The regeneration of Granton will create hundreds of new jobs linked to growth of new services, business, leisure and creative industries and will strengthen the retail and small businesses that already exist.
“Our public sector partners Edinburgh College, National Museums Scotland and National Galleries Scotland, who all have land or buildings within Granton Waterfront, are committed to working collaboratively to maximise the impact of combining our resources.”
Once the plans are approved, the local authority plans to work with the Scottish Government and other key partners to develop the funding strategy for the proposed project.
The city council stated that plans for the development of nearly 400 new homes for sale and rent in the area will be out for consultation in spring 2020.
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Illustration of waterfront development in Granton. (Credit: The City of Edinburgh Council)
