Wouldn't surprise me - its a £50m scheme (high cost driven by underfloor parking) and the anchor tenant is a supermarket with (latest plans) 75,000 ft2. Other main tenants are supposed to be hotel and cinema which don't pay much. So it was never going to fly in this economic climate - the recently announced other retail vacancies in town won't have helped.
What is surprising is the timing, given the recent publications by the BC - looked like they were going to make a decision later this year or maybe next, so, if its true, something negative must have happened?
On the bright side, we still have some parking that isn't going to cost an arm and leg!
Topic: Northern Gateway (Read 1125 times)