- 12 updates
The first public meeting, where islanders can learn about the international finance centre planned for Jersey's waterfront, will take place next week.
On Wednesday 10 June, there will be a drop in session from 4:30pm to 6:30pm at the town hall in St Helier, which people can attend for one-to-one sessions to learn more about the plans.
Then, from 7pm, there will be a more formal public meeting, in the same location.
This will begin with a presentation, and islanders will then be able to ask questions.
UBS has been announced as the first tenant for the finance centre, and the company will take up a lease for 16,000 square feet of office space, allowing the construction of the first building to go ahead.
However, the finance centre remains controversial, with a protest planned for this weekend at the site, on the Esplanade car park.
Deputy Montfort Tadier has lodged an urgent oral question to ask in the States today regarding incentives to occupy the new Jersey finance centre.
Last week it was announced that UBS has agreed to move its business to the international centre, which will be based on the corner of the Esplanade and Castle Street, on the St Helier Waterfront.
Construction of each of the centre's buildings could not begin until a tenant is announced, so development of the first building can now get underway.
A petition against the Esplanade finance centre development has since been signed by almost 1,000 people, and a 'human-chain' protest is set to take place at the site this weekend.
Deputy Tadier now wants to know if any incentives or inducements were offered to the company to encourage them to move to the controversial site.
The development of an international finance centre at the Esplanade in St Helier has taken a step forwards, as the first tenant has been announced.
But many are still unhappy with the plans, as Wesley Smith has been finding out:
A petition against the Esplanade finance centre development has been signed by more than 500 people, and a 'human-chain' protest is set to take place at the site next weekend.
Sean Power, one of the campaigners behind the protest, says those behind the development have underestimated the weight of public opinion against the plans:
The construction of a new international finance centre in Jersey has taken a step forwards, with the announcement of the first tenant.
Mark Boleat, Jersey Development Company Chairman, says it'll allow the project to progress quickly, and will provide major benefits to the community:
Concerns about the construction of a new international finance centre in Jersey have been raised by Save Our Shoreline.
UBS has been announced as the first tenant for the centre, and the Treasury Minister says this means construction of the first building is financially viable, and can get underway.
However, Save Our Shoreline has queried this.
The group understands UBS has agreed to lease part of Building 4, a 67,000 square foot development.
It says this wouldn't be enough to fund construction.
It also says funding for the project would be guaranteed by the States, putting public money at risk.
A petition against the construction of a new international finance centre in Jersey has been signed by five hundred people.
The petition's description states:
Today, the first tenant has agreed to move into the finance centre, and the Treasury Minister says that means construction of the first building can get underway.
UBS do not intend to get involved in the politics of the move to Jersey's new international finance centre, and are aware of the controversy surrounding it.
Tom Hill, from the company, expects them to complete the move in around 18 months:
ITV News has learned 14 companies are in talks with the Jersey Development Company about leasing space in the new Finance Centre.
The details were confirmed by Assistant Economic Development minister Deputy Murray Norton who revealed two of those firms are at advanced stages with early outline agreements signed.
It comes as pressure grows on the States-owned quango to prove there is a need for the government-backed development of 'grade A' office space in St Helier.
Opponents say the proposed buildings on the Esplanade would be a blot on the landscape, not an effective use of public money, and should be something the private sector should provide instead.
A public protest is planned on the site.
Latest ITV News reports
Jersey's Treasury Minister says people will get straight answers. But he said details about UBS moving in were "commercially sensitive".
UBS has agreed to lease part of the controversial new development. Earlier this week an appeal against the planning consent was launched.