Proceeds from the sale of the failed New Chinatown development will go towards paying back investors.
The Great George Street Project is one of 22 projects across Liverpool that are yet to either get underway or recommence after initial progress. It is one of 11 projects that are up for sale in a bid to get them moving again and a meeting of Liverpool Council ’s strategic development and housing committee last night was told administrators on the site are assessing viable bids.
The scheme entered into administration following a High Court hearing in March. Officers confirmed that those who lost money through investments in the project would be paid back when and if a sale of the scheme is completed.
