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Cardiff Bay Development Corporation
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Cardiff Bay Development Corporation
The Cardiff Bay Development Corporation was established in 1987 to redevelop the dockland area of Cardiff and to create Cardiff Bay.
The corporation was established as part of an initiative by the future Deputy Prime Minister, Michael Heseltine, in April 1987, during the Second Thatcher ministry.
The Secretary of State for Wales, Nicholas Edwards set out the CBDC's mission statement as:
To put Cardiff on the international map as a superlative maritime city which will stand comparison with any such city in the world, thereby enhancing the image and economic well-being of Cardiff and Wales as a whole.
The five main aims and objectives were:
Its flagship developments included the Cardiff Bay Barrage, the Cardiff Bay Retail Park, and the Roald Dahl Plass development. During the CBDC's lifetime 14,000,000 square feet (1,300,000 m2) of non-housing development and 5,780 housing units were built. Around 31,000 new jobs were created and some £1.8 billion of private finance was invested. About 200 acres (81 ha) of derelict land was reclaimed.
The Chairman was Sir Geoffrey Inkin. The first Chief Executive was Barry Lane, who was later succeeded by Michael Boyce.
The corporation was dissolved on 31 March 2000. The Cardiff Harbour Authority took over the corporation's management of the barrage, the Inland Bay and the Rivers Taff and Ely on 1 April 2000.
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Cardiff Bay Development Corporation
The Cardiff Bay Development Corporation was established in 1987 to redevelop the dockland area of Cardiff and to create Cardiff Bay.
The corporation was established as part of an initiative by the future Deputy Prime Minister, Michael Heseltine, in April 1987, during the Second Thatcher ministry.
The Secretary of State for Wales, Nicholas Edwards set out the CBDC's mission statement as:
To put Cardiff on the international map as a superlative maritime city which will stand comparison with any such city in the world, thereby enhancing the image and economic well-being of Cardiff and Wales as a whole.
The five main aims and objectives were:
Its flagship developments included the Cardiff Bay Barrage, the Cardiff Bay Retail Park, and the Roald Dahl Plass development. During the CBDC's lifetime 14,000,000 square feet (1,300,000 m2) of non-housing development and 5,780 housing units were built. Around 31,000 new jobs were created and some £1.8 billion of private finance was invested. About 200 acres (81 ha) of derelict land was reclaimed.
The Chairman was Sir Geoffrey Inkin. The first Chief Executive was Barry Lane, who was later succeeded by Michael Boyce.
The corporation was dissolved on 31 March 2000. The Cardiff Harbour Authority took over the corporation's management of the barrage, the Inland Bay and the Rivers Taff and Ely on 1 April 2000.
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