Decision - Preston Barracks Development

(1)               That the work to date summarised in Section 3 of the report, and the cross-party Project Board’s recommendations to proceed accordingly be noted;

(2)               That the Project Board’s view, that the partnership with the University of Brighton and alignment with the Greater Brighton City Deal ‘Growth Hub’ proposals presents the preferred route to successful delivery of the regeneration of the Preston Barracks site; and

(3)               That the Executive Director Finance & Resources, Executive Director Environment Development & Housing and Head of Law be authorised to enter into further negotiations to actively consider disposal of the Preston Barracks site to the University of Brighton and/or its development partner to enable delivery of the mixed use scheme, subject to a further report to the Project Board and Policy & Resources Committee being required to detail the proposed terms of such a disposal.