ST MODWEN SUBMITS £150 MIL. PLAN TO TRANSFORM GOODYEAR SITE
A £150 million plan to transform vacant land on the 88-acre Goodyear site in Wolverhampton into a new community with the development of up to 625 homes, local shops, a park and school, has been submitted to the city council by St Modwen Developments Ltd.
The enterprising project, which Wolverhampton City Council will consider shortly, secures hundreds of jobs at the slimmed-down Goodyear tyre factory, off Stafford Road, which is to operate on 18 acres leased from St Modwen, and provide homes for over a thousand people.
Goodyear, which has reduced its workforce from a peak of 7,000 to around 500, is to take a ten-year renewable lease on its new operations site. Under the redevelopment plan, Goodyear is moving to the east of the site freeing space the size of 19 football pitches for homes.
Two and a half acres have been earmarked between the factory and the housing for the possible development of a school to replace a nearby primary school, with shops proposed on an adjoining one and a half acres. A neighbourhood park will be formed on 12 acres alongside the existing sports and social club which is to be retained.
John Dodds, regional director of St Modwen, said: “The regeneration of this major former employment site for mixed use development will bring major new investment in jobs, housing and community facilities into the area. We are looking forward to working with Goodyear, Wolverhampton City Council and the local community to bring the scheme to fruition.”
For further information contact John Dodds or Mike Murray of St Modwen (0121 222 9400). Issued by Paul Raymer of Howle Chapman Raymer (0121 236 7771).
