Blackpool is poised to begin the second phase of its Talbot Gateway regeneration scheme, subject to the approval of the council's executive.
If given the green light the town's Wilko store, which is due to close at the end of March, will be demolished to make way for a new tramway interchange, underpass, Holiday Inn hotel, restaurant, leisure facilities and retail spaces.
The council is working in conjunction with Muse Developments and is seeking approval on a revised budget of £34.6m. This is an increase of nearly £4m, which the council says reflects inflation plus additional rooms within the hotel.
The scheme marks Phase Two of the Talbot Gateway project in Blackpool’s Central Business District. The first phase saw the opening of Sainsbury’s supermarket and the development of offices which now accommodate more than 1,000 public and private sector employees.
Cllr Simon Blackburn, leader of Blackpool Council, said: "As the flagship commercial development for Blackpool, Phase Two of Talbot Gateway continues to transform an important entrance to the town, and highlights the excellent commercial opportunities that this town has to offer.
"This next phase of the development will offer brand new retail locations, an improved leisure offer to boost the night-time economy, offer more high-quality accommodation choice for leisure and business visitors alike and promote a more integrated and connected use of our transport system."
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