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20
Jul 2022
£11.2m Harrogate Station Gateway will 'boost business and house prices'
The £11.2 million Harrogate Station Gateway will boost business, increase house prices and reduce congestion, according to an economic report published today.
North Yorkshire County Council, which is leading on the controversial scheme, has opened a third round of consultation.
As part of this, it published an economic case report showing the impact of the scheme.
The document says there is evidence that town centre retail is at risk of decline and 'the proposed scheme contributes to increasing investment, job creation and productivity'.
It says the project would also create better opportunities to travel by foot and bike, attract more shoppers, increase land prices and 'act as a catalyst to urban redevelopment and wider town centre regeneration'.
Businesses have expressed concerns about the impact of the scheme on trade.
They fear the loss of parking spaces, particularly on a part-pedestrianised James Street, and extra traffic caused by reducing some of Station Parade to single lane traffic will deter shoppers, as well as the impact of lengthy construction work.
How James Street will look.
But the economic case report says a survey of James Street users 'indicates that over 90% of those doing business on the street would be unaffected by the removal of parking'.
It adds:
Read more:
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The findings are based on interviews with 294 people entering or leaving shops or businesses on James Street in October last year.
The report says the 'overall impact on retail footfall is expected to be positive' and that 'research has also shown that station enhancements tend to increase the value of existing land and properties within certain radii surrounding the station'.
Congestion fears
North Yorkshire County Council said last week the scheme would extend the average journey time around town by 73 seconds at peak times. Some opponents fear the reality will be worse and the extra congestion will reduce property prices.
But today's report rejects this. It says offices near the station are in high demand, adding the 11-storey Exchange tower on Station Parade has 99% occupancy and commanded office rents of approximately £25 per square foot.
Conservative councillors Keane Duncan and Phil Ireland at Station Parade last week.
Houses within 500 metres of the station could expect a 10% increase in value and houses within 1,000 and 1,500 metres could expect an uplift of up to 5%.
The report concludes:
The project, which is not due to start until at least late spring next year, is one of three in North Yorkshire, and 39 nationally, being funded by the Department for Transport’s Transforming Cities Fund to promote active travel.
Today's economic case report comes after Harrogate property developer Chris Bentley, who owns Hornbeam Park Developments, expressed concerns about the legality of the consultation process and said he was considering a judicial review.
North Yorkshire County Council, Harrogate Borough Council and West Yorkshire Combined Authority all support the gateway.
You can take part in the consultation here.
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