Pontypridd's £15m Taff Vale Shopping Centre Project Back On Track
Tuesday, 3rd July 2012A new shopping centre for Pontypridd, which has been delayed due to funding problems, may soon be back on track after developer Taff Vale Limited said it is considering a new offer of investment. The Taff Vale shopping precinct in the Rhondda Cynon Taf town had been due to open this summer but despite the old shops and tax office that had been on the site being demolished last November the area has been surrounded by hoardings ever since. The new development proposals will provide Pontypridd with an up to date, modern shopping facility in the heart of the town. The long-awaited proposals will see the total redevelopment of a large section of the north end of Taff Street and is seen as a major step forward to the regeneration of Pontypridd. A new Sainsbury's superstore is due to open on the outskirts of the town this week on the former Brown Lennox industrial site. The scheme confirms the provision of three large shop units, three small shop units and a restaurant at the northern end of the site opposite the Old Bridge and Museum. To the side of the restaurant unit it is proposed to have an outdoor terrace area where patrons can socialise, whilst overlooking the river. The developers are also proposing to enhance and resurface the slip road leading into the underground car park as well as improving the existing underground car park itself. The funding gap is the latest hitch in long-running plans to redevelop the site to create a number of retail units, bar and restaurant on what is widely regarded as a "1960's eyesore". One of the main factors has been broadly seen as high business rates in the town centre. A wide-ranging review of business rates in Wales, led by economist Prof Brian Morgan, has made a raft of recommendations which are currently being considered by business minister Edwina Hart.