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The Temple Quarter Regeneration (Brunel's Engine Shed and the Cabot…
The Temple Quarter Regeneration
How successful has the regeneration been?
Urban regeneration must improve the target area economically, environmentally and socially, which the Temple Quarter Regeneration has successfully undergone.
Certain regeneration efforts, such as regenerating brownfield sites, are not economically effective, but are environmentally and socially the best option.
The Regeneration Effort covers 70 Hectares of land in Bristol.
Enterprise Zones encourage economic growth through incentivisation of business development through tax reductions and other benefits.
How has the area been regenerated?
The intent of the regeneration is to create 4000 new jobs by 2020 and 17000 by 2037 as well as improving the economic efficiency of the Temple Quarter.
240000m^2 of refurbished buildings will be constructed, whether they be for business, services or residence.
The accessibility is being greatly improved through water and roads, improving Bristol's status as a highly connected city.
The regeneration is being performed by both the local government and by businesses.
Brunel's Engine Shed and the Cabot Circus Development
The Engine Shed is a reused historic building and a brownfield site which has been developed.
It is currently a £1.7M Innovation Centre used by many engineers and researchers in Bristol.
A site of Quaternary Industry, it is used for micro electronics and various communications developments, contributing to Bristol's position as the second largest silicon chip manufacturer in the world.
This goes well with the presence of quarternary industry based companies and agencies such as the DPA already present in Bristol.
Cabot Circus is a high budget commercial centre worth over £20M being invested in by many retail businesses. It plans to create a large shopping centre in the Temple Quarter, boosting the local economy.
It is expected to draw more businesses and individuals to the Temple Quarter.
Bristol Arena.
Bristol Arena was designed by the team who designed the Millenium Stadium and Olympic Stadium in London.
It is expected to open in late 2018, and be easily accessed, and widely used by local and regional sports teams and competitions.
It contributes to the great cultural landscape of Bristol (already being the 8th most visited UK city by tourists).
Bristol Arena will likely not be used for many international sporting events, however, so will only have minor contributions to international tourism in Bristol.