Storm clouds overhead? Work seems to have halted on new housing estate |
PRE-Christmas uncertainty hangs over the future of the housing development opposite Tesco Extra in Cleethorpes.
Some of the proposed 68 houses and 18 apartments have now been constructed, but no workmen have been seen on site for several days, prompting speculation that the project has been hit by some sort of glitch.
The developer of the 2.5-acre former farmland site was understood to be Liverpool-based company YPG Development which secured the planning consent.
However, the extent of its continuing involvement, if any, is uncertain.
YPG's entrepreneurial boss, Ming Yeung, was also part of the consortium hoping to redevelop the former Pleasure Island theme park, though he is no longer listed as a director of YPG Fab2, one of its partners.
It is understood that the housing development has been supported by £18.3-million loan from a London-based finance company.
Artist's impression of how the finished scheme might look |
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