A £23million investment in SECC's new carpark at the Hydro has been announced as the car park takes shape.
Canada Life is to spend £23.3m on building a new 1600-car hub at
SECC and leasing it for 35 years before selling it on to council
chiefs in Glasgow for just £1.
The insurance and investment giant will make a profit on the
big-money deal. The car park is to be managed by the council-owned
City Parking which will pay undisclosed annual rental charges to
Canada Life over the lifetime of the lease.
And the deal means SECC chiefs will get a new car park which will
have walkway links to Scotland's top entertainments venue as well
as their new £125m Hydro Arena and a hotel to be built
nearby.
Work on the Anderston car park is already under way and it is
expected to be operational by this time next year. A new footbridge
is also being built which will link the hub with the Hydro and
hotel.
The car park will open around the same time as work is completed
on the Hydro which will be able to bring the world's top acts, such
as Sir Elton John, to Glasgow. It will be big enough to host major
comedy stars and sports events such as the Ultimate Fighting
Championship which is the world's biggest cagefighting
promotion.
Source:
The Evening Times - £23m car park for a pound