Colchester Borough Council’s revolving investment fund committee is expected to back a proposal for its Breakers Park site on Wednesday. The council’s adopted and emerging local plans earmark it for housing, commercial and community uses.
The derelict former river port site had once been set for redevelopment by the Legacy Foundation, a business run by ex-footballers including former England captain Rio Ferdinand. The project would have seen the construction of hundreds of homes, student accommodation and new sports facilities. But a bid to the government’s National Housing Infrastructure Fund to plug a funding shortfall of £10m failed in the summer of 2018.