Dozens of developments remained stalled across Liverpool city centre with more than half up for sale including a collapsed former new Chinatown project.
In August 2020, a task group was established to identify the scale of stalled development across the city and establish what could be done to get them moving again. A report to Liverpool Council ’s strategic development and housing committee has revealed that latest figures state how there are 21 projects in the city yet to either get underway or recommence after initial progress.
At first, 42 sites had been identified as stalled but original developers had returned to site to continue their schemes, or other new investor/developer consortia step forward to take on part-finished projects. The report said, in many instances, it is “failure of lack of capacity” to manage risks that cause a scheme to stall, such as construction material costs.
