£200k search launched for new Blackpool Central developer

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