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| Belfast City Council will outline details of £233m plan for city | |
| (40 minutes later) | |
| Details of a proposed £233m investment programme in Belfast are to be outlined by the city council later. | |
| Plans include a £20m extension to the Waterfront Hall to boost its potential as a convention venue. | Plans include a £20m extension to the Waterfront Hall to boost its potential as a convention venue. |
| On Wednesday, the council agreed a rates rise of 2.6% from April to help fund the project. They said it was the lowest increase in a decade. | On Wednesday, the council agreed a rates rise of 2.6% from April to help fund the project. They said it was the lowest increase in a decade. |
| It will mean the average household bill going up by 35p per week and £2.86 for businesses. | It will mean the average household bill going up by 35p per week and £2.86 for businesses. |
| The council said the rise was well below the rate of inflation. | The council said the rise was well below the rate of inflation. |
| It said the money for the project would not just come from rates, but also from Europe and Stormont. | |
| Of the £233m, a sum of £150m will be invested in capital projects. £75m will be spent on city regeneration. | |
| The Waterfront Hall will be just one of a number of areas to benefit, with significant spending also earmarked for council leisure facilities and the old Floral Hall building within the grounds of Belfast Zoo. | |
| A total of £34m is pledged to support economic growth and £29m for community development. | |
| The aim of the programme is to support business and create employment. It has cross-party support. | |
| Overhaul | Overhaul |
| Speaking in the council chamber, the SDLP's Tim Attwood said it was a remarkable moment. | Speaking in the council chamber, the SDLP's Tim Attwood said it was a remarkable moment. |
| "We have to have ambition for this city," he said. | "We have to have ambition for this city," he said. |
| "This is only the beginning of the journey, hopefully, that collectively this council can now start looking at a 20-year plan and set out a vision for that." | "This is only the beginning of the journey, hopefully, that collectively this council can now start looking at a 20-year plan and set out a vision for that." |
| The full extent of the multi-million pounds development will be revealed to political and business leaders at the Waterfront Hall on Thursday. | The full extent of the multi-million pounds development will be revealed to political and business leaders at the Waterfront Hall on Thursday. |