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Send  Share  RSS  Twitter  19 Dec 2011

DEVELOPMENT: New Groundwater

 



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THE City of Cape Town proposes to withdraw an inner city road scheme which will release both prime private and City-owned property for development in the eastern city precinct.

If this release is successful it has the potential to unlock substantial development potential in the city that will help promote economic growth and development in Cape Town.

Last month the Canterbury–Maynard link road scheme that was proclaimed in 1973 was scrapped.

The road scheme affects more than 100 erven and is limiting the development possibilities of more than 1.4 hectares of valuable Central Business District (CBD) land.

The Canterbury–Maynard link road scheme is located between Darling and Mill Street and was earmarked for a double carriageway as part of a ring road around the CBD.


 
 
 
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