Chief Minister welcomes Lord Street development
The Chief Minister has 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.
Howard Quayle said: ‘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.’
Agreement for sale was reached with Kane Limited in December 2017 for the freehold purchase of the site from the Government.