£35m boost for stadium development?

Last updated : 14 June 2006 By Michael Morris

Almost £35m from retail developers will be used to help fund Cardiff City's proposed new football stadium, the Echo can reveal today.

Capital and Regional (Leckwith) Ltd's offer has been accepted by Cardiff council and the developers will be given a 999-year lease at a rent of £1 a year as part of the multi-million pound deal.

It is understood the developers will also be responsible for carrying out remediation works on the site and constructing roads.

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