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Developer behind troubled Nottingham tower block submits special request to council
['Joe Locker - Local Democracy Reporter']
Nottinghamshire Live - frontpage
Developer behind troubled Nottingham tower block submits special request to councilFinancial troubles persist despite a government funding boostView Image The site (Image: LDRS)A funding gap remains for a huge apartment scheme near Nottingham Railway Station despite the developer receiving millions from the public purse.
Developers Cassidy Group Ltd is currently looking to build a 319-bed apartment block on land between Arkwright Street, Crocus Street and Meadows Way.
However, despite the funding boost, the developer says there remains a funding gap.
“The developer is therefore seeking to revisit the previously approved S106 with a view to waiving this financial contribution.
Yet it was agreed at the time Cassidy Group would only have to pay at least £554,000, or up to £870,000 should the financial situation improve.