Regeneration of Llanwern Site on Hold
| Published: 24th August 2008 21:15 |
The cut back in spending by home buyers has now affected the regeneration of the former Llanwern Steelworks site. There has been a lack of housebuilders willing to purchase the site from owners St Modwen. The company received planning permission to develop the site back in 2007 which is to include accommodation, offices and community/public facilities.
The company are reluctant to start work at present until a deal can be reached with housebuilders to allow matters to progress. it is understand that negotiations are taking place to entice builders to make progress with the development.
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