WORK to revive Burnley’s iconic Weavers’ Triangle with a £100m. transformation could be underway by the end of the year.
Burnley Council chiefs are currently in advanced talks with Barnfield Construction with the Nelson-based developers likely to spearhead the project.
Although no contract has yet been signed, a deal could be secured within weeks and planning applications for the landmark site, in the Trafalgar Street area, could be submitted in the next few months.
It is hoped the highly-anticipated regeneration of the historic former mill buildings with homes, offices, shops and restaurants will attract more visitors to the town.
The council’s chief executive Mr Steve Rumbelow said: “We are in discussions with Barnfield as the potential developer of the Weavers’ Triangle. We would hope to be concluding these discussions shortly. It is anticipated that work could be started before the end of the year.”
Mr Gareth Smith, Barnfield’s head of regeneration, added: “Until highly-sensitive negotiations are complete, we are not able to confirm any further details.”
Burnley MP Gordon Birtwistle said news that work could start this year was a major boost for the town.
“This is major multi-million investment in the town. Work is also starting on Finsley Mill and other mills on the other side of the Weavers’ Triangle. Along with industry picking up in the town there is all this investment. Burnley is far more prosperous than it was five years ago.”
Mr Birtwistle said he had been impressed by proposals he had seen for the development of the Weavers’ Triangle.
Over the last few months work has been ongoing to make the mills safe.
The project has received public backing from Prince Charles who visited Burnley in 2008 and 2010.