The search for a partner to deliver the proposed redevelopment of Northallerton’s former prison is under way.
Hambleton District Council is looking for a private sector partner to join forces with them to regenerate the 3.4-acre site in the centre of the market town.
A promotional day has just taken place when prospective bidders for the partnership were able to learn more about the council’s plans for the site – and visit the prison itself.
Interested parties would then need to go through a tender process – the results of which should be known in early 2016.
It is hoped that a mix of retail, leisure, housing and community use premises will be provided at the former jail – which was bought by the District Council from the Ministry of Justice for £1.4m earlier this summer.
Redevelopment work should begin next year and be complete in 2017.
“We are looking for a private sector partner to deliver this scheme in central Northallerton,” said Deputy Chief Executive, Justin Ives.
“It is a scheme of significant strategic importance to the council in terms of improving the market town’s vibrancy and complementing the existing high street.”
He said the council and its partner would create a Local Asset Backed Vehicle (LABV) for the duration of the project – with the council committing assets and the partner committing cash, assets and services.
Any returns from the redevelopment scheme would then be shared.