£1 billion urban regeneration project promises 10,000 jobs for Liverpool, UK

Councillors in Liverpool, England are today expected to set the ball rolling on an ambitious £1 billion regeneration project which could bring 10,000 jobs to the city and make it an international destination for investment in life and medical sciences.

Project Paddington is a 1.8 million sq. ft. scheme to develop the city’s Knowledge Quarter.

A report to councillors requests approval for the local authority to be able to use compulsory purchase orders (AKA: “eminent domain” in the U.S.) should they be needed, as well as specific delegated powers to negotiate and acquire land so that CPOs can be avoided.

Land required consists of open brownfield spaces, office buildings and student residences. The council hopes the “large majority” will be acquired by negotiation, including land swaps where possible.

The report to Liverpool City Council‘s cabinet said Project Paddington could bring “much needed regeneration” and “lead to a net socio-economic and environmental benefit to Liverpool as a whole“.

Liverpool photo via Adobe Stock Photos.

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