EAST Sussex County Council will be investing £2 million from parking surpluses to help pay for the redevelopment of Eastbourne’s town centre.
The money, which has been collected by the county council’s controversial pay to park scheme in Eastbourne town centre, will be put back in to the town over the next four years.
This is to support and complement the proposed £70m investment by Legal & General in the redevelopment of the Arndale Centre.
The funding was agreed by the Lead Cabinet Member for Transport and Environment, Councillor Carl Maynard, at a meeting on Monday July 23.
The county council investment will be supported by funding from Legal & General and will pay for improvements including the redevelopment of Terminus Road.
Councillor Maynard said, “Supporting this project is clearly in line with our ambitions to encourage economic regeneration across the county.
“Given the financial climate at this particular time, I feel we are very lucky to have a commitment from Legal & General to invest in Eastbourne through such a significant development as the Arndale Centre.
“It is a fine example of how the public and private sector can work together on an initiative for the benefit of the local community.”
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