Cabinet agrees to progress plans for regeneration of partially derelict Truro site at Pydar Street
Cornwall Council’s Cabinet agreed at its meeting on 19 September to further develop plans to regenerate a major site at the end of Pydar Street, a key area in the centre of Truro.
The site is a partially derelict and an under-used area with a mix of car parks, office space including the old Carrick District Council offices, leisure and retail outlets and a number of vacant buildings and warehouses.
Cornwall Council is proposing to regenerate the area in line with the resident-approved Truro and Kenwyn Neighbourhood Plan.
Cabinet has agreed that £3.1 million of funds are allocated to bring forward the regeneration project. The money will be used to further develop the concept to turn the Pydar Street site into a community hub with green spaces, leisure facilities, new homes for local people, office and business space, a hotel and student accommodation and academic space.
The £3.1 million of funding will be used to put together a comprehensive feasibility appraisal, conceptual design and an outline business case, which will come back to Cabinet for approval. It is anticipated that a planning application for the whole site will be submitted by the summer of 2019. At the same time, a specific business plan will be put forward for Cabinet and Council approval to fund the redevlopment which, at this stage, is estimated may cost in excess of £100 million.