Portal Road Site....
Monmouth and District Chamber of Trade and Commerce (MDCTC) very much welcome the exciting news that the Monmouthshire County Council owned Portal Road site, behind the Total garage, has been put on the market with the primary use suggested as a hotel.
Readers will be aware that MDCTC has actively lobbied over the last three years for this strategic site for the town to be used for a hotel development with a section of the site devoted to much needed coach parking.
According to the latest available data from Monmouthshire County Council (MCC), Monmouth has 93 serviced accommodation (hotel or B+B) beds short of the Chepstow area and 383 short of the Abergavenny area. Information from several accommodation providers indicate that bookings are up this year 50% on 2007 and bookings through the Tourist Information Centre are up 100%. Each serviced accommodation bed in Monmouthshire produces a massive £17,605 benefit per year for the local economy and MDCTC cannot envisage a more important way to boost the economy of the town.
MCC has also deemed that the site might also be suitable for office development. MDCTC does not support the use of this vitally important site for the town as offices as a Chamber survey suggests that 16,000 sq ft of office space already exists in and around the town, a doubling of this capacity planned on existing sites over the next few years. We feel that the location of office space is not as vital as the location of a hotel close to the town centre and that , if required , new sites are available elsewhere on the outskirts of the town for office development.
We hope that matters can be moved forward quickly on the sale of the site, so that we have in place the facilities that are essential if local business is able to take full advantage of the events of 2010. Readers will be aware of the Ryder Cup in September of that year, but may not be aware of the celebrations planned for the Centenary of Charles Rolls, the potential to increase visitor numbers as a result of work completed on the Overlooking the Wye project and the Festival of Air . It is also evident from a local resident perspective that currently we have several locations in town where weddings can be conducted, but insufficient bed capacity to accommodate all the guests.
A contemporary hotel of 60 or 80 bedrooms, hopefully of 3 star plus standard, can be built in 36 weeks. We have around 58 weeks left to the beginning of 2010 leaving 22 weeks for the tendering and planning process. The opportunity is there to inject £1million, every year, into the economy of the town, let us all embrace it! |