Â£500m plan for Cardiff Embankment revealed
Plans for a £500m redevelopment of a derelict riverside site in the centre of Cardiff have been unveiled.
The Cardiff Embarkment scheme at Dumballs Road, located within the city's enterprise zone, has been backed by the City of Cardiff Council.
Developer Bellerophon Partnerships Ltd (BPL), in partnership with Linc-Cymru Housing Association (Linc), has proposed a regeneration programme consisting of 2,150 homes, a primary school, retail units and space for restaurants and bars adjacent to the River Taff.
Work is expected to begin on-site as early as spring 2015.
BPL chief executive Richard Daley said: "This is an historic day for Cardiff. Dumballs Road is the only area of land in the city centre that remains in dire need of regenerating and has been a blight on the landscape for far too long.
"The £500m Cardiff Embankment regeneration programme, which is in the heart of the city's enterprise zone, will deliver major economic stimulus and create thousands of jobs, both in the construction phase and longer-term.
Linc chief executive Rob Smith added: "Linc is delighted to be working in partnership with BPL to deliver the regeneration of Cardiff Embankment.
"This innovative scheme will make a major contribution to the City of Cardiff Council's ambition to see more high quality, open market and affordable homes built for people who want to live and work in Wales' capital city."