The Ridings: Wakefield Council considering buying city shopping centre

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The Ridings: Wakefield Council considering buying city shopping centre
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Wakefield's Cabinet is to consider a report looking at options for purchasing The Ridings centre.

A West Yorkshire council is considering investing millions of pounds of public money to buy a shopping centre as part of its city regeneration plans.Last week, business leaders in the city wrote to the council's leader and urged the authority to buy the site.

The local authority's Cabinet is due to examiner the "Wakefield City Centre Regeneration: The Future Development of The Ridings Shopping Centre" later this year. The centre, which was built in 1983, was bought by investment company NewRiver Retail in 2015 and later given a £5m makeover, saidWakefield Business Improvement District , which represents about 800 businesses in Wakefield, urged senior councillors to take a stake in the centre.

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