Cardiff Bay Development Corporation
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| Formation | 1987 |
|---|---|
| Dissolved | 2000 |
| Headquarters | Cardiff |
Official language | English and Welsh |
Chair | Sir Geoffrey Inkin |
Chief executive | Barry Lane Michael Boyce |
The Cardiff Bay Development Corporation was established in 1987 to redevelop the dockland area of Cardiff and to create Cardiff Bay.
History
[edit | edit source]The corporation was established as part of an initiative by the future Deputy Prime Minister, Michael Heseltine, in April 1987, during the Second Thatcher ministry.[1]
The Secretary of State for Wales, Nicholas Edwards set out the CBDC's mission statement as:
To put Cardiff on the international map as a superlative maritime city which will stand comparison with any such city in the world, thereby enhancing the image and economic well-being of Cardiff and Wales as a whole.[2]
The five main aims and objectives were:[3]
- To promote development and provide a superb environment in which people will want to live, work and play.
- To re-unite the City of Cardiff with its waterfront.
- To bring forward a mix of development which would create a wide range of job opportunities and would reflect the hopes and aspirations of the communities of the area.
- To achieve the highest standard of design and quality in all types of development and investment.
- To establish the area as a recognized centre of excellence and innovation in the field of urban regeneration.
Its flagship developments included the Cardiff Bay Barrage,[4] the Cardiff Bay Retail Park,[5] and the Roald Dahl Plass development.[6] During the CBDC's lifetime 14,000,000 square feet (1,300,000 m2) of non-housing development and 5,780 housing units were built. Around 31,000 new jobs were created and some £1.8 billion of private finance was invested. About 200 acres (81 ha) of derelict land was reclaimed.[7]
The Chairman was Sir Geoffrey Inkin.[8] The first Chief Executive was Barry Lane,[9] who was later succeeded by Michael Boyce.[8]
The corporation was dissolved on 31 March 2000. The Cardiff Harbour Authority took over the corporation's management of the barrage, the Inland Bay and the Rivers Taff and Ely on 1 April 2000.[10]
An evaluation of the regeneration of Cardiff Bay published in 2004 concluded that the project had "reinforced the competitive position of Cardiff" and "contributed to a massive improvement in the quality of the built environment". However, the regeneration project had been less successful in generating employment. The evaluation concluded that "the overall outcome, while representing a major achievement and massive step forward, falls short of the original vision."[11]
References
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Further reading
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External links
[edit | edit source]- Economy of Cardiff
- History of Cardiff
- Organizations established in 1987
- Organizations disestablished in 2000
- Organisations based in Cardiff
- Defunct public bodies of the United Kingdom
- Redevelopment projects in Cardiff
- Development Corporations of the United Kingdom
- 1987 establishments in Wales
- 2000 disestablishments in Wales