Chief Minister Howard Quayle MHK has today welcomed the news planning approval has been granted for a £25m hotel and cinema complex to be built on the former Lord Street bus station site in central Douglas.
‘This is fantastic news. The development of this site will be a welcome addition to Douglas town centre, creating a focus of activity with new jobs and facilities - key objectives of both the Programme for Government and Central Douglas Masterplan.
‘With the promenade works now well under way and the regeneration project in the main shopping area approaching completion, this private enterprise will complement government’s investment in modern infrastructure extremely well.’
The proposed development features:
• 7-screen Omniplex cinema
• 80-bed Travelodge hotel
• 3 restaurants
• 20 residential units
• 4 retail units, which may be changed to become 2 larger units
• 6-storey car park
Agreement for sale was reached with Kane Limited in December 2017 for the freehold purchase of the site from the Isle of Man Government.
The project fulfils a policy within the Programme for Government to consider the social and economic benefits alongside financial considerations when disposing of Government property.