Purpose

The Council must pay the Crown Estate (TCE)
for the Right of Air being granted over TCE land in order to
provide the St Philips Footbridge connection between Temple Island
and Albert Road. The Valuation Report produced for BCC relies on
comparable transactions for rights acquired from TCE for similar
bridges/crossings of their land to assess the value of this levy
charge. The proposed sum includes for back payments of rent plus a
final capex lump sum for 999 year/in perpetuity lease. This has
been in discussion between TCE and BCC since 2018. It is
recommended that now is the right time to finalise the negotiation,
as more construction work begins the TQ area.
TCE originally requested £300,000 in 2021. In August 2023 TCE
agreed to a sum of £117,500 plus costs, based on a £/m2
as agreed for their Cardiff bridge and making a 50% discount for
our bridge.

Content

Approval to make payment of air space levy and
associated legal and professional surveyors costs to the Crown
Estate for the St Philips Footbridge using the Temple Island
Enabling Works project contingency budget.