Despite the current economic difficulties and the long-running controversy over the idea, the JEP can reveal that there are new plans to push ahead with the development of a new financial centre for St Helier.
Treasury Minister Philip Ozouf has given his strongest indication yet that both he and the Waterfront Enterprise Board are keen to press on with the controversial project in a bid to construct ‘high quality office space’.
Senator Ozouf told the JEP that there has been ‘significant interest’ from financial institutions and banks about setting up offices on the Waterfront. But he said that they cannot go any further until Planning Minister Freddie Cohen gives consent.
Plans for the £350 million Waterfront project have been on hold since last July when WEB ended the deal with Harcourt when they failed to meet a second deadline to produce a £95 million bond.
