Huge blow to Blackpool as £300m regeneration now at risk | UK | News

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The future of a £300million seaside town regeneration is now at risk in a huge blow to a resort that’s now been named one of the UK’s best places to live.

Nikal Ltd, the Manchester-based developer behind Blackpool’s regeneration, has filed a Notice of Intention to appoint administrators.

The company plays a key role in the Blackpool Central project with the local council, which aims to create a world-class leisure destination off the seafront. 

The 17-acre area set aside for the project includes Blackpool’s Magistrates courthouse and the former Bonny Street police station, which are both due to be demolished next year.

Proposals have included two indoor theme parks, a 1,300-space car park, a 127,000 sq ft flying theatre and a 70,000 sq ft public square, as well as new hotels, restaurants and apartments.

Inside will be rides, arcades, a bounce park, inflatable attractions, laser tag, bumper cars, an alien bar and an event restaurant with rollercoaster service.

The new Heritage Quarter will include an “Artisan Food Hall” as well as a refurbished pub and Aparthotel.

So far, the car park and a £23m tram line extension have been completed and are in operation. The £13m Showtown Blackpool Museum, a Holiday Inn hotel and Marco Pierre White restaurant have also been finished.

It is estimated that up to 1,000 new jobs will be created, with 600,000 additional visitors each year and the annual spend in the town boosted by £75m.

The £300million project also includes upgrades to the famous Blackpool Illuminations, as well as new workplaces and university campuses.

Norbert Reichart, chief executive at Media Invest Entertainment which is behind the attraction, previously said: “Blackpool is the undisputed entertainment capital of the UK and our scheme will help cement the town as a must-visit year-round destination for generations to come.”

Express.co.uk has contacted Blackpool Council and Nikal Ltd for comment.

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