'Liverpool's high-rise boom is over', warns development boss
Speaking to the Liverpool Daily Post, Jim Gill warned that the threat of a recession has already frightened developers from pressing on with high-rise schemes in the 2008 Capital of Culture.
He told the paper: ‘In the current economic climate, I would be very surprised if any new tower actually got under way in the sort of timetables we have seen over the past few years.
‘It’s not like building a traditional housing estate, where the housebuilder can move development forward in blocks of three, four or five houses.’
Gill is the former head of Liverpool Vision, which is now to be merged with Business Liverpool and Liverpool Land Development Company to form a new superquango.
His comments have been generally supported. Frank McKenna, of commercial lobby group Downtown Liverpool in Business, said: ‘Gill is very knowledgeable about development and regeneration and I do not necessarily disagree with him.
‘We have got to be careful though and not throw the baby out with the bathwater – we could be in danger of talking ourselves into a recession.’
He added, however, that architects in the city were as busy as ever but ‘may be doing other things’ than high-rise developments.