New proposals to redevelop a key gateway site in Leeds city centre are set to take a step forward next week.

A report on the regeneration of the George Street area, between Kirkgate Market and the Victoria Gate development, will be considered by Leeds City Council’s executive at a meeting on 21 September 2022.

In 2017, Town Centre Securities (TCS) was named by the council as the development company for the project, and both parties were set to form a partnership, with the council acquiring a 50 per cent ownership of the completed development.

However, TCS advised it did not wish to form a joint venture.

The executive is now being asked to approve a revised, post pandemic delivery-structure for the regeneration of George Street.

If executive board is minded to support the revised structure, the report seeks approval for an injection of £9.26m into the capital programme, as well as approval of the heads of terms that have been provisionally agreed with a hotel operator.