On Tuesday (October 31) they met at Morecambe Town Hall to discuss the project, which will see the building of a new retail and leisure quarter for the city.
Councillors agreed that further negotiation should take place with British Land and Lancaster University to agree details of the scheme’s concepts, layout and design.
The aim is to finalise an agreement on how the scheme will be delivered – known as heads of terms - early in 2018, with a planning application to follow by the end of the year.
Coun Janice Hanson, Cabinet member with responsibility for regeneration and planning, said: “This is a positive step towards our goal of achieving a comprehensive redevelopment for the Canal Corridor site.
“Over the next few months we’ll be negotiating further with British Land, Lancaster University and other key partners to agree final proposals which achieve the best for the city and the wider district.”
A key part of the project is the development of an enhanced arts and cultural facility to ‘anchor’ the overall scheme.
Lancaster City Council has been granted £300,000 by the Arts Council to work up proposals and has also submitted a £4million capital funding bid to the Northern Cultural Regeneration Fund.
Last updated: 01 November 2017