Blackpool Council has sold a 17-acre plot of land at Blackpool Central to a joint venture between Nikal and Media Invest Entertainment, enabling work to start on a large-scale leisure and entertainment masterplan for the area.
Regeneration company Nikal and Media Invest Entertainment signed a deal in 2018 to deliver a £300m mixed-use scheme for the site, including a new visitor attraction featuring the UK’s first “flying theatre”, virtual reality entertainment zone, food hall and other elements.
The parties have completed a deal tipped last September to acquire the site on a 250-year lease, and will now work to deliver three phases of the site in accordance with a masterplan approved in December 2018.
The site currently houses Blackpool’s largest surface car park, the magistrate’s court and a former police station.
The enabling stage of the works will see the development of a 1,300-space multi-storey car park to replace the existing car park. Nikal is preparing to instruct agents to let the car park and said a hybrid outline and part-detailed planning application is expected to be submitted later this year.
The council will continue to operate and take revenue from the majority of the existing car parking spaces on Central, Chapel Street and Bonny Street throughout this enabling phase of development. Once the multi-storey car park opens, the existing surface level car parks will close to make way for construction of the next two phases of development.
Phase one proposes the flying theatre, virtual reality experience centre, Greatest Mysteries-themed multimedia exhibition space, an Adventureland gaming park, alien-themed diner, food hall, events square and 150-bedroom hotel. The entertainment offer for the site is themed according to brands whose intellectual property rights are owned by Media Invest Entertainment…