Post by Kev on Aug 16, 2004 11:43:46 GMT -5
LIVERPOOL is set for a £1bn boom as work on Europe's largest retail development gets under way.
Scores of Merseyside firms from builders to caterers will be involved in Grosvenor's £800m Paradise Street development, and more than 1,000 local labourers will find work building the 2.5 million square feet of new shops, housing and leisure facilities.
Economists estimate the project will generate at least £1bn extra revenue for the city as the development changes the face of the city.
Research into the impact of the Paradise Street development has revealed:
. In 2008 shoppers will spend an extra £500m in the city's shops.
. By 2013 the city centre's turnover will have doubled from £1.1bn to £2.1bn.
. 4,400 permanent jobs created.
. 3,300 construction jobs created during the project.
Scores of Merseyside firms from builders to caterers will be involved in Grosvenor's £800m Paradise Street development, and more than 1,000 local labourers will find work building the 2.5 million square feet of new shops, housing and leisure facilities.
Economists estimate the project will generate at least £1bn extra revenue for the city as the development changes the face of the city.
Research into the impact of the Paradise Street development has revealed:
. In 2008 shoppers will spend an extra £500m in the city's shops.
. By 2013 the city centre's turnover will have doubled from £1.1bn to £2.1bn.
. 4,400 permanent jobs created.
. 3,300 construction jobs created during the project.
