The developer will push ahead with plans to build up to 69,000m² of business space for the sport, health and well-being sector.
Scarborough is already under contract with Sheffield City Council to bring forward a £6M Community Sports Stadium at the park, incorporating more than 1,800m² of business and conference space, which is planned to complete next summer. Among other teams, the stadium will be home to Sheffield United Women’s football team.
Kevin McCabe, Chairman of Scarborough International Properties commented: “We believe in Sheffield Olympic Legacy Park and the ability of Sheffield, my home city, to create and support a unique business environment that achieves an ambitious vision.
“We have been building our commitment to the project over the last two years, signing up in 2018 to develop and run the Community Stadium, and we now look forward to accelerating the delivery of Sheffield Olympic Legacy Park to bring jobs and economic growth back to the Lower Don Valley area”.
The aim of the park, which includes the site of the former Don Valley Stadium, is to deliver a tangible legacy from the London 2012 Olympic Games through a combination of world-class sports facilities, education, new skills, research and innovation, environmental improvements and opportunities for the local community. The vision is that it will become one of the world’s leading locations for innovation in sport, health and well-being.