The leader of Northampton Borough Council said “full and frank” discussions have been held with Legal & General but said a decision on the future expansion of the Grosvenor Centre will not be made for another three weeks.
The meeting came after yesterday’s announcement that the controversial Rushden Lakes development in the east of the county would get the go-ahead.
Grosvenor Centre owners Legal & General had promised a £250m expansion of the site back in 2012, but delayed any major overhaul while the plan for the 31-acre shopping development at Rushden was still to be decided.
Councillor David Mackintosh met with Legal & General representatives to talk about the future development of the former Greyfriars bus station site now Rushden Lakes has been approved.
After the meeting, Councillor Mackintosh said: “The demolition of the old Greyfriars Bus Station will be complete by the end of the year and that will give us a prime, four acre site for retail and leisure use, that is ready for development, in the heart of a town centre and able to compete with any future growth at Rushden Lakes.
“As we confirmed yesterday, we remain committed to development on that site. Today (Friday) I met with representatives from Legal & General for a full and frank discussion about their plans following yesterday’s announcement and we will meet again in three weeks’ time when we expect to make further announcements on the future of the site.”
A spokesman for Legal & General said the company hoped to come to an agreement “in the next few weeks” on the way forward.