Statement on Old Town's Corn Exchange
A lack of progress on plans to rejuvenate Old Town’s Corn Exchange has forced Swindon Borough Council to initiate its internal authorisation process to seek to terminate a development agreement for the scheme.Published: Tuesday, 21st January 2020
The regeneration of this important heritage site remains a key priority for the Council.
In November 2016, the Council entered into a development agreement with the owner of The Corn Exchange, local businessman Gael Mackenzie, and Swindon Corn Exchange Limited led by Steve Rosier, to turn Swindon’s Corn Exchange and Old Town Hall buildings, better known locally as the Locarno, into apartments, restaurants and mixed commercial use.
The Council will therefore initiate its internal authorisation process to seek to terminate the development agreement to prevent any further delay of the development of The Corn Exchange.