00:00Plans to build up to 50 new flats on Taunton's riverside are dead in the water, the local developer has confirmed.
00:08The Poundstretcher store on the A300027 Bridge Street was demolished in September 2021.
00:16A consultation was then set up by Acorn Homes, which saw proposals put forward for up to 50 flats and commercial outlets on the site.
00:24Nearly a year on, the developer has confirmed that it is pulling out of the site, citing rising costs, a stagnant property market, and delays caused by both Somerset Council's planners and the Environment Agency.
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