Decision details

Disposal of the former Spa Hotel site, The Esplanade, Shanklin

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Disposal of the site to enable regeneration of the site as mixed use employment and residential scheme.

Decision:

Cabinet approves the sale of the freehold interest in the Spa site to the preferred bidder as set out in the report. In doing so delegating the authority to approve final terms following this decision to both the Cabinet Member for Regeneration, Business Development and Tourism and the Cabinet Member for Strategic Finance, Corporate Resources and Transformational Change, in consultation with the Director of Regeneration and the council’s Section 151 officer.

 

Report author: Andrea Jenkins

Publication date: 22/06/2022

Date of decision: 20/06/2022

Decided at meeting: 20/06/2022 - Cabinet

Effective from: 30/06/2022

Accompanying Documents: