“Greater Exeter”: severe warning sign that it’s not so great as Princesshay developer pulls plug

The leader of Exeter City Council says he’s gutted the plug has been pulled on a multi-million pound development in the city – and was totally unaware before it happened.

The controversial development, which includes a new bus station and leisure facilities, was only given final approval in July – two years after the original plans were submitted.

The Crown Estate and TH Real Estate said they were no longer able to “progress the proposed extension to the Pincesshay shopping centre”, citing current market conditions.

Council leader Pete Edwards said: “We thought is was all going ahead… but we are committed to this leisure centre and bus station.”

He said he will be calling a special council meeting to ”discuss the way forward.”

http://www.bbc.co.uk/news/live/uk-england-devon-41332812

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