Council's Executive Committee today (15 June) gave its approval to finalising legal agreements between the council and Peel Holdings Limited that will allow further regeneration of the banks of the river Clyde.
The Executive Committee's decision points the way forward to successful working between the council and its waterfront partners.
Over the past two decades the Clyde Waterfront has attracted a number of projects that have brought significant activity, such as the creation of the International Financial Services District, the development of the Scottish Exhibition Centre Campus, the Riverside Museum, Glasgow Harbour and the relocation of BBC and STV to Pacific Quay.
The Glasgow City Region City Deal will provide investment to further unlock the great potential of the waterfront through infrastructure projects such as investment in quay walls and a new bridge between Partick and Govan, and the refurbishment of the existing SEC - Finnieston bridge. These projects will improve connectivity and place quality.
One of the key stakeholders in the development of waterfront sites is Peel Holdings Limited (PHL), who have a significant land holding there. There are a number of issues to be resolved around some of PHL's sites on the Clyde that after their resolution will allow the council to progress City Deal funded infrastructure and unlock vacant sites for development.
One such example of these issues being resolved through a legal agreement would be the Partick - Govan bridge crossing to the Glasgow Harbour site on the north banks of the Clyde (if a feasibility study show this to be the preferred location) with PHL constructing a bridge across the river Kelvin between Glasgow Harbour and the Riverside Museum.
Councillor Susan Aitken, Leader of Glasgow City Council and City Convener for Inclusive Economic Growth, said: "Today's decision by the council marks another step forward in the regeneration of the Clyde. There will be some fantastic projects transforming the waterfront over the next few years, bringing jobs and investment to the area to fulfil its enormous potential, and reconnecting communities with all the social and economic benefits that will bring."