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£200k search launched for new Blackpool Central developer

The Blackpool Central car park site

Blackpool Council has officially terminated its land sale agreement with the now-defunct developer Nikal Ltd for the Blackpool Central regeneration scheme, clearing the path for a new investor. The council's executive members have agreed to cancel the deal and allocate £200,000 to initiate a worldwide search for new developers.

It was disclosed in October that Nikal, which had been collaborating with Blackpool Council since 2016 to introduce indoor theme parks, hotels, and restaurants to the Central Station site, had entered administration. However, town hall leaders are optimistic about finding new investors for the site, which was slated for a £300m makeover.

The site will be marketed as swiftly as possible, with existing planning consents, including preliminary planning permission for three indoor theme parks, a 200-room hotel, bars, restaurants, and outdoor entertainment space. Full planning permission was granted in October 2021 to refurbish buildings on Central Drive, including the King Edward cinema, King Edward pub, and King Edward apartments into holiday accommodation, restaurants, and bars as part of the Heritage Quarter.

A seven-storey car park with 1,306 spaces opened on the site earlier this year. Chris Webb, MP for Blackpool South, has supported public calls for an indoor arena, similar to Manchester's Co-op Live Arena, to be constructed on the land.

A report to the executive suggests that terminating the agreement with Nikal, signed in January 2020, "will ensure that the council is able to re-market the excellent investment and development opportunity the site presents. "

The report continues: "The council remains determined to see its vision and aspirations for a world class leisure development delivered on the site, as it seeks to move forward with its ambition for regeneration, economic growth and resilience across the town. It is imperative that the momentum to see development on the site is not lost and that every effort is maintained to seek a new investor/developer as soon as practically possible.", reports Lancs Live.

The demolition of the vacant police station and magistrates court building is now anticipated early next year to provide a fully cleared site. The £200,000 marketing costs will be covered by revenue generated from the existing Central Station surface car park.