Cardiff Bay Development Corporation
|English and Welsh|
|Sir Geoffrey Inkin|
To put Cardiff on the international map as a superlative maritime city which will stand comparison with any such city in the world, thereby enhancing the image and economic well-being of Cardiff and Wales as a whole.
The five main aims and objectives were:
- To promote development and provide a superb environment in which people will want to live, work and play.
- To re-unite the City of Cardiff with its waterfront.
- To bring forward a mix of development which would create a wide range of job opportunities and would reflect the hopes and aspirations of the communities of the area.
- To achieve the highest standard of design and quality in all types of development and investment.
- To establish the area as a recognized centre of excellence and innovation in the field of urban regeneration.
During the CBDC's lifetime 14,000,000 square feet (1,300,000 m2) of non-housing development and 5,780 housing units were built. Around 31,000 new jobs were created and some £1.8 billion of private finance was invested. About 200 acres (81 ha) of derelict land was reclaimed.
The CBDC was dissolved on 31 March 2000. The Cardiff Harbour Authority took over the CBDC's management of the barrage, the Inland Bay and the Rivers Taff and Ely on 1 April 2000.
An evaluation of the regeneration of Cardiff Bay published in 2004 concluded that the project had "reinforced the competitive position of Cardiff" and "contributed to a massive improvement in the quality of the built environment". However, the regeneration project had been less successful in generating employment. The evaluation concluded that "the overall outcome, while representing a major achievement and massive step forward, falls short of the original vision."
- "The Cardiff Bay Development Corporation (Area and Constitution) Order 1987". Legislation.gov.uk. The National Archives. 1987.
- Auditor General for Wales (19 June 2001). "Securing the Future of Cardiff Bay".
- "Cardiff Bay Development Corporation". The Official Documents Website. The Stationery Office. 18 December 1998.
- Darwent, Charles (1 April 1991). "UK: The taming of Tiger Bay. (1 of 2)". Management Today.
- Esys Consulting Ltd (December 2004). Evaluation of Regeneration in Cardiff Bay. A report for the Welsh Assembly Government.