Tesco buys Seaton Regeneration Area from Liatris Holdings Ltd
EDDC today put out a press release to say that Tesco has bought out Liatris Holdings Limited and now owns the majority of the Seaton regeneration area:
Tesco put out the following press release (a link to EDDC's press release will follow as soon as it is available on the web):
This is Tesco’s full press release:
Tesco is delighted to confirm that it has acquired the Seaton regeneration site and is excited at the prospect of being involved in this major project to make the town the centre of sustainable tourism for the
A spokesman for Tesco said: “We are ooking forward to working with the whole community, the district and town councils and all other stakeholders to ensure that Seaton becomes the principal tourism destination and visitor attraction in the area. The revised project will bring enormous benefits, both physical and financial, and will help to halt the decline in traditional tourism that has affected so many destinations in the region. Seaton will at last be able to capitalise on the new high-spend and high-value tourism trend with a vastly enhanced attraction which will ultimately benefit residents of all ages.
We believe this regeneration project will also help the town to maintain a balanced population by providing employment opportunities and affordable housing which will help stem the flow of young people to other towns and cities. It will also begin to address the issue of flooding from the sea and will support the proposed wildlife development behind the site.
We are very conscious of Seaton’s heritage and personality and we will work with all parties to do all we can to ensure that this development blends into the town’s natural landscape.
END OF QUOTE
posted by Fighting for East Devon's future @ 9:13 pm
4 Comments:
At least we now know who we are dealing with. I wonder if the EDDC compact with Liatris to sell their land still applies. From a legal viewpoint I would have thought this questionable.
The press release from East Devon says that "a report will go to [East Devon District] Council's Executive Board so that they may formally decide whether they wish to work in partnership with the new owners. We took a similar vote before we agreed to work with Liatris Holdings."
It goes on to say: "The early signs are that there may be significant potential benefits from the involvement of a major brand that clearly shares our desire to drive forward the regeneration of Seaton. We propose to look at their plans very carefully and to hold further talks with them so that we can be assured that we have a relationship and a set of proposals that are up to the high standards we have set for this area".
I have a couple of issues with the Tesco press release - they say "stem the tide of young people leaving Seaton." Where did they get that info from? They seem grossly misinformed. As far as I understood, many young people who are brought up in Beer/Branscombe etc move to Seaton because they can't afford those places.
Also Tesco say will "adress the flooding from the sea." Ahem, isn't the flood risk from the river, not the sea? Or is it both? Or have I missed the point?
Well if Tesco is as good as it's word then okay. One thing is for sure, the character of Seaton will never be the same once the big T has arrived - personally, I'm really dreading the traffic! :-(
On the other hand, let's hope they don't do what they have often done before in other places and that's buy up the land and do nothing with it, just to block their competitors! By the way I think you're right Baldrick, the river must present as much, if not more risk from flooding as does the sea; they obviously weren't travelling around here in the last week!
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