A motion has been tabled by two Councillors to be debated at full Rochdale Council meeting next week about the future of College Bank.
We have been working with senior Council officers since 2016 on investment costs and options for College Bank. If the Council believes that it can find an investment solution that will give the blocks a long-term life, providing safe and secure homes fit for the 21st century, then we would happily agree to the Council taking on responsibility for funding and delivering this.
To help the Council with this decision, we will continue to share information including our latest independent professional cost estimates, which indicate a total refurbishment bill for the seven blocks of £93 million.
In the meantime, we will continue to progress our long-term regeneration proposals, which aim to transform the quality, mix, and choice of homes in central Rochdale, increase the overall supply of homes, and support the wider regeneration of the town centre. We will continue to provide dedicated support to all those affected, enabling them to move to homes that support a better quality of life.
The motion tabled unfortunately contains a number of inaccuracies and misunderstandings. It also seeks to commit RBH to doing things that we are already doing. We would be happy to sit down with any Councillor to answer any questions they might have, and we will shortly be arranging a further briefing for elected members to discuss how our proposals have developed.