Sainsbury’s plans to build a giant store in Gatehouse Road could be in jeopardy, after the firm admitted the financial situation it is in has changed.
The supermarket giant had planned to build a superstore and petrol station close the AVDC offices and received outlying planning permission for the scheme.
But this week the firm admitted it is reviewing its position on the Aylesbury project.
A Sainsbury’s spokesman said: “The food retail market is extremely competitive and has changed considerably since our proposals for Aylesbury were first announced.
“We are reviewing our plans across a number of supermarket sites. Once we are in a position to do so, we will update the community on our future plans for Aylesbury.”
Roger King of the Aylesbury Society claimed that any move to scrap the plans would spell bad news for the town.
He said: “I expected this, I follow the financial pages and I felt that this was coming.
“It’s a great shame because they were going to develop that Gatehouse site which would have been the rival to Tesco we need.
“Another part of the scheme was that they refurbish their Buckingham Street site and that regeneration was absolutely essential.
“We could now be left with that not being done, I wonder what will happen to the Gatehouse site now.
“I hope that they don’t still get to build the flats there, because that would be very lucrative for them, without Aylesbury getting the superstore it deserves.”