The option to re-apply for Planning and Listed Building Consent for a FIFTH time is being considered. The fundamental challenges are a) non viability b) unknown deterioration and causal structural issues, which mean effective scheme costing is very problematic. Currently the current scheme costs for Options 1, 2, 3 and 5 are being assessed critically by scheme professionals their combined aim is to tighten all cost options and variables and then the non viability per option can be assessed and discussed with the relevant Heritage and Planning stakeholders.
• This £20M+ project kickstarts the long overdue regeneration of Union Street.
• Delivers an 114+ bedroom 4 star hotel on the Upper Floors plus a discreet 2-storey extension.
• Or a an 154+ bedroom 4 star hotel on the Upper Floors plus a 4-storey extension
• Delivers Bars/Restaurants on the Ground Floor, a signal improvement to the localised streetscape.
The future of the Egyptian Halls should now be guaranteed! However unless this now shovel ready scheme is implemented over the next 12 - 18 months then its future is inevitably massively negative. The acceptance that the Rear Wall has to be demolished is a prescient indicator that the key interrelated components; floors, stairs, roof, front façade; the very fabric of the building are now experiencing increasing stress, strain and deterioration, which is not surprising given the accelerating impact of 38 years of unchecked dereliction.
If the key public stakeholders; GCC, Historic Scotland and the Scottish Government can enter into effective collaborative discussions with Ground Floor owners USP Ltd and Upper Floor owners USI Ltd then the 100% preferred solution can be achieved at the least cost possible to the public purse. However if this cannot be achieved then the acknowledged Regeneration Benefits, then the much-needed jobs and economic growth cannot be delivered.