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7:08pm Friday 7th November 2008 in
The £290 million King Alfred development is dead.
The Frank Gehry designed scheme planned for the Hove seafront was declared “finished” tonight by the man behind the project.
It comes after years of argument over whether the bold towers would either revitalise the city or become a blot on the landscape.
Yet in a letter to senior council officials seen by The Argus, Josh Arghiros, the director of developer Karis, revealed that after six years - and £13 million in costs - he remains hopeful a project could go ahead once the economy recovers in two or three years.
News of the scheme’s demise comes just hours before the contract between Karis and Brighton and Hove City Council ends.
Without a financial backer, the development agreement signed in November 2004 is expected to expire at midnight on Sunday, leaving Frank Gehry’s first project in England dead in the water.
The scheme, which included the construction of 751 homes in 11 buildings of up to 98 metres high, was thrown into doubt in July when Dutch bank ING withdrew its financial support because falling house prices no longer made it financially viable.
Comments(31)
harwood
says...
7:20pm Fri 7 Nov 08
Cgull
says...
7:37pm Fri 7 Nov 08
bug eye
says...
7:53pm Fri 7 Nov 08
S.T. Rewth
says...
8:20pm Fri 7 Nov 08
Glenda
says...
8:34pm Fri 7 Nov 08
NoWayIsBack
says...
8:40pm Fri 7 Nov 08
quedula
says...
10:47pm Fri 7 Nov 08
Gentleman Jim
says...
11:31pm Fri 7 Nov 08
Dave At Home
says...
12:24am Sat 8 Nov 08
davyboy
says...
9:15am Sat 8 Nov 08
Camel54
says...
12:27pm Sat 8 Nov 08
fubsy
says...
1:42pm Sat 8 Nov 08
mogfish
says...
5:50pm Sat 8 Nov 08
glooper
says...
7:00pm Sat 8 Nov 08
NoWayIsBack
says...
7:24pm Sat 8 Nov 08
glooper wrote:oh boo hoo. i'm not a conservatice but i don't want this rubbish right in front of my house!
Don't know which 84% it was that didn't want the redevelopment. I was all for it and no-one ever asked me. Of course I'm only a keen local swimmer. Still, at least wealthy conservative seafront hovites can breathe easy in their big semis now.
fussy galore
says...
7:26pm Sat 8 Nov 08
Brigadier Monty
says...
7:50pm Sat 8 Nov 08
harwood
says...
8:13pm Sat 8 Nov 08
Brigadier Monty wrote:tax payers money? what planet do you live on, it was the developers who have spent the VAST majority of the money on the project not the council!
Finally the news has come out at last. What a dreadful waste of tax payers money. Awful. Surely they can now plan to go and sort out the King Alfred, and give it some much needed renovation and give Hove, and Brighton, a really good top quality leisure centre to go to. I am also glad because Cheetahs gym is not going anywhere too!!
ABC1
says...
8:54pm Sat 8 Nov 08
mikardo
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8:57pm Sat 8 Nov 08
NoWayIsBack
says...
9:04pm Sat 8 Nov 08
ABC1 wrote:No, because 72% of people actually WANT that, and it will NOT block out half the sea front, and it WILL bring in millions of pounds to Brighton.
Hopefully Falmer stadium will follow...........
Henfield Hovite
says...
12:48am Sun 9 Nov 08
ABC1
says...
8:49am Sun 9 Nov 08
NoWayIsBack wrote:Where do you get that figure from? In the soviet-style referendum, 60+% of people who could have voted for the stadium didn't.
ABC1 wrote:No, because 72% of people actually WANT that, and it will NOT block out half the sea front, and it WILL bring in millions of pounds to Brighton.
Hopefully Falmer stadium will follow...........
So, you know, which is more worthwhile?
That's right.
Now go home and think about what you've said.
saveHOVE
says...
10:51am Sun 9 Nov 08
NoWayIsBack
says...
11:22am Sun 9 Nov 08
ABC1 wrote:ummm... private financiers? sponsorship?
NoWayIsBack wrote:Where do you get that figure from? In the soviet-style referendum, 60+% of people who could have voted for the stadium didn't.
ABC1 wrote:No, because 72% of people actually WANT that, and it will NOT block out half the sea front, and it WILL bring in millions of pounds to Brighton.
Hopefully Falmer stadium will follow...........
So, you know, which is more worthwhile?
That's right.
Now go home and think about what you've said.
Where will these millions come from? Taxpayers subsidising the stadium via the educational bits?
You were very lucky we have three marginal Labour seats here....
Voice of the silent Majority
says...
11:39am Sun 9 Nov 08
Cgull wrote:Oh well said..lets see BHCC kick this around for ages before finaly getting around to doing nothing....agan
So what are we going to do with the pool? Why not sell a bit of land above the by-pass and use that to have the supa dupa pool? And for those people who say we can't build north of the by-pass, would you rather the ugly twin towers instead?
thensx
says...
11:43am Sun 9 Nov 08
Jay-kay
says...
12:20pm Sun 9 Nov 08
Hovebourne&bread
says...
7:58pm Sun 9 Nov 08
baron1982
says...
9:55am Mon 10 Nov 08
pancaker
says...
9:56am Mon 10 Nov 08
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