THE HAMMERHEAD CRANE MOVES TO PHASE ONE IN THE MEDINA YARD DEVELOPMENT
Last month's presentation to Cowes residents from the architects brought good news for the crane's supporters. The previous plans had not extended the first phase of development as far south as the crane, leaving a degree of uncertainty surrounding the schedule for its potential renovation. In the most recent proposal, the crane is now included in phase one.
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Inclusion in phase one is important because the tenuous viability of the development could mean that subsequent phases prove financially problematic. The architects have frequently expressed concern that flood protection and other remedial work presents a considerable challenge to the scheme's profitability. Phase one, at the north end, contains a high residential element and will thus give the best return. They intend to apply for planning permission with a detailed application for phase one and an outline application for the balance of the site.
Retention of the crane forms an essential feature of the proposed development. The plans have yet to provide an unambiguous commitment to renovation but it seems unlikely planning permission would be granted without the crane's renovation forming part of the application. There is still some dispute regarding the cost of renovation. The developer claims it would cost £2m, while the Hammerhead Crane Trust's own survey puts the figure at half that. The trust is currently exploring the potential of a grant to ease the burden on the developer.
There is still the outstanding matter of the Urgent Works Notice. The council served this on the landowner, Harrison Trust, to implement immediate maintenance requirements. The process seems to have been delayed, with the Harrison Trust requesting a meeting on the subject. It's not clear what lies behind the meeting but the trust may have good reason to fend off the council recovering the cost through the courts, where there would have to be a ruling on ownership of the crane. The Harrison Trust have always denied ownership, so this would be a ruling they might wish to avoid.
The above sketch shows how the south east section of phase one might appear. The land would be raised to provide flood protection, with the exception of the semi-circle around the crane.
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