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Council cash unlocked for Buchanan Galleries overhaul

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April 2 2012

Council cash unlocked for Buchanan Galleries overhaul
Controversial plans to remodel Glasgow’s Buchanan Galleries shopping mall have moved a step closer after the Scottish Government gave Glasgow City Council the go ahead to borrow £55m against future business rates to spend on public realm improvements and infrastructure work.

It is hoped that this money will leverage a further £310m from mall owners Land Securities and Henderson to finance an expansion, dubbed the Buchanan Quarter, which will entail an expanded retail offer, new restaurants and a cinema complex around the revamped Queen Street Station.

Mindful of the likely adverse impact on struggling city centre thoroughfares such as Sauchiehall Street, recently hit by the closure of Game, the government has stressed that development must “maximise benefits” for the surrounding area.

Work will entail demolition of the existing multi-storey car park to build a new wing, designed by BDP, to the east of Queen Street Station.

The Buchanan Galleries are one of four pilot TIF schemes in Scotland, the others being Ravenscraig, Edinburgh and Aberdeen. Cumulatively they will add 1% to Scotland’s national debt.

5 Comments

w.....t.f
#1 Posted by w.....t.f on 2 Apr 2012 at 16:59 PM
If it aint broke, dont hurl it against a wall.. can glasgow become the next east kilbride? Watch this space..
"El"
#2 Posted by "El" on 2 Apr 2012 at 17:11 PM
@w.....t.f
We need to make sure that we don't upset the management.... They tend not to like criticism. (^_^)
Change for change sake is just lazy and stupid!
One of the best things to do at Buchanan Galleries is to eat your lunch on the Royal Concert Hall stairs when the sun is out. Or is that just me......?
kevin toner
#3 Posted by kevin toner on 3 Apr 2012 at 14:55 PM
The day Buchanan St. stood still with a conservatory in the wrong place!

Another example in the pipeline appears to be Network Rail’s recent Queen Street proposal nearby, which is also part of the same recent superblock. Why go against the urban grain and character suddenly with veritable conservatories and why here?

Has £1M become the new 100k relatively overnight? 9-digit sums are not news these days. The occasional single house reaches this mark already. Let’s not diminish Glasgow over the price of a house. Let’s instead augment it for less.

Unfortunately, a better example of TIF allocation or piloting might not yield the same level of buy-in. The Egyptian Halls block - as grander Victorian fabric - immediately springs to mind as a possible catalyst and contender that might unashamedly match such TIF allocation.
Jimbob Tanktop
#4 Posted by Jimbob Tanktop on 3 Apr 2012 at 15:53 PM
They're ditching the steps which are a decent civic asset, and keeping that nasty, pistachio statue of Donald Dewar?
is this it
#5 Posted by is this it on 3 Apr 2012 at 18:05 PM
another cinema!! do we really need one?...There's a sixteen story one round the corner...at least that gives people some exercise getting up and down...

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