Full article on Place North West website
Liverpool City Council has opted not to use the Homes & Communities Agency’s DPP3 Framework to procure a partner for its £700m Festival Park project and will instead form a joint venture to develop the 90-acre waterside site.
The master plan for the Festival Gardens site, designed by K2 Architects, could deliver up to 2,500 new homes, 500,000 sq ft of commercial and leisure floor-space, a new ferry terminal, and a major water park attraction.
But the council has now confirmed it will “review its options and seek a joint venture partner within the market”, opening up the process to more bidders.
It is understood the council is now targeting March’s international MIPIM property conference in Cannes as its deadline to have a partner in place.
The proposals for the wider site and next steps are due to be discussed at a regeneration, housing, and sustainability select committee on 14 December.