Issue - meetings

Option 2 - Undertake a review and assessment of the ITT to better understand the viability issues, in order to ensure the procurement process can properly consider the full range of development and investment opportunities to meet the broad objectives of the council. Officers will report back to the Cabinet with a detailed report of their findings and recommendations at the earliest opportunity (anticipated in June 2021).

The Cabinet Member for Regeneration and Business Development gave a summary of the report, which provided an update on the procurement process. The focus had been on securing the future of Dinosaur isle and major investment in the site however progress had been slowed down by the COVID pandemic. The council wished to achieve the best possible outcome.

Some members expressed disappointment that the process was not further forward and that the media had interpreted this negatively but welcomed investment into the Bay area. Confirmation was given that the PLUTO and other heritage assets in the area would be protected, and that as soon as possible the successful bidder would undertake a public consultation on the proposed plans for the site.

The Cabinet Member explained that the investor wished to invest more than the original bidder and that dialogue with them was very positive. Subject to the result of successful conclusion of ongoing dialogue, it was hoped that the facility would be open by April 2023.