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| Monday, 16 December, 2002, 08:15 GMT �1.5bn boost to city economy ![]() Island Wharf could get underway early next year Plans for the complete redevelopment of Hull city centre are being unveiled on Monday. The �1.5bn scheme is aimed at boosting the city's economy. Over the next 15 years, 5,000 jobs could be created and 5,000 new residents attracted to the heart of Hull. Local people can view the plans and have their say on Monday and Tuesday at the exhibition being held at Ferens Art Gallery. The masterplan has been created by Hull's regeneration company Citybuild. Intensive consultation has taken place, including two "juries" of citizens and businesses that have provided feedback as the masterplan emerged. Neil Bradbury, chief executive of Hull Citybuild said: "We see the masterplan as a blueprint for creating jobs and more confidence in the retail, office and residential markets in the city. "At the moment Hull is not achieving its potential. Financial services "We are not as competitive as we should be in the service and knowledge-based economy. "In any city in this country and Europe it is in these sectors that jobs are being created." He cited financial services, information technology and graphic design as areas for potential growth. Vibrant centre The exhibition unveils a new model of the city centre, accompanied by a video talking visitors through the proposals. Derelict buildings and waste ground will be replaced with landscaping, offices, residential areas, restaurants, hotels and retail outlets. Mr Bradbury added: "One of the features of Hull now is that it is a nine to five city. "We need to establish a vibrant city centre, with people working, shopping and living in the city." | See also: 16 Dec 02 | England 18 Oct 02 | England 21 Mar 02 | England Internet links: The BBC is not responsible for the content of external internet sites Top England stories now: Links to more England stories are at the foot of the page. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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