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by Geoff Abell on 15 April, 2016
For years everyone has complained about the decline in Merseyway shopping centre, and for years the Council has been unable to act, with the centre in private ownership.
Now, for the first time, reports the Lib Dem Deputy Leader of Stockport Council, we have the opportunity to not only bring Merseyway up to date but to do in a way that doesn’t cost council taxpayers a penny and actually brings money in to the council – meaning that we expect to be able to put more money into council services in future.
Stockport Council has bought the Merseyway shopping centre, and plans to spend nearly £40m upgrading it to a modern centre that the town can be proud of. It’s a plan the Lib Dem Executive have been working on for some time, and to see the deal goes through we’ve had to keep it under wraps until now.
The purchase – including the improvements – is an investment for the people of Stockport. The numbers have been crunched and we’re confident it will provide a good return. It will make money for Stockport in future years, helping offset the cuts we have to make.
But it’s much more than that. When Merseyway first opened it was cutting edge – people came from all over to marvel at it. But decades of under-investment in the hands of private owners have seen it fall behind. The opportunity for the Council to buy the centre came up and, had we not taken it, we believe there was a big risk that the decline would continue.
The Council now – for the first time – has the ability to shape the town centre. The Redrock cinema complex, improvements in Princes Street, Debenhams freehold, Mersey Square, Merseyway, Stockport Exchange and large parts of the Old Town (Marketplace and Underbanks) are now in the control of the council. We want to get them working together to improve Stockport, and provide that return on investment to council taxpayers.
It also gives us more opportunities to review the proposals for the marketplace and see if the council’s ownership of Merseyway along with the marketplace can help the overall regeneration of Stockport.
We know we can’t fix the town centre overnight, but we now have the tools to really make a major difference over the next few years.
Whenever the Council makes a large investment of this sort, people – quite reasonably – ask where the money is coming from and why it’s not being spent to stop the cuts.
The answer is:
As someone that lives in Maple, NEVER visits Stockport to shop, as the train goes to Manchester, whey are Maple councillors promoting spending money on Stockport Town Centre?
(I feel that as a resident of Maple I have more in common with people who lives in New Mills, then the people that live in Stockport.)