A project to create a footbridge link from Money’s Yard to the Market Place in Sleaford is moving forward.
North Kesteven’s Executive Board is to discuss on Tuesday whether to allow chief executive Ian Fytche to sign a Memorandum of Understanding with other land owners to progress the scheme.
Known as the Heart of Sleaford project, it would create the link via a bridge over the River Slea from the car park to the old Corn Exchange building, currently being restored by Hodgson Brothers, via the garden of 25b Southgate, and includes additional pedestrian access via Bristol Arcade. The property at 25b Southgate was acquired by the council in 2012.
Corporate director Karen Bradford explains in her report that a way forward has been agreed by John Martin (owner of Bristol Arcade), Hodgson Brothers (owners of the Corn Exchange) and NKDC to create a public right of way.
To do this the landowners will need to ‘surrender’ sufficient land to create the new access to enable the redevelopment and regeneration of the Corn Exchange and Bristol Arcade.
In order to manage these new rights of way it is proposed that a Community Interest Company would be set up on a 199-year ground lease, with the possibility of renewable energy generation for neighbouring businesses on site too.
A joint-funded feasibility study on the commercial viability and potential funding will report back to the executive board later.
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