Potential purchasers have come forward to make a submit a bids for the Pier Field site in Skegness.
The marketing exercise for the seafront site drew to a close yesterday (Wednesday).
East Lindsey District Council agreed to list Pier Field as an Asset of Community Value in March following a request from the Save Our Foreshore Group.
The group subsequently expressed an interest in acquiring the site, which triggered a six-month freeze, preventing the council from selling Pier Field to anyone else.
This six month period was to allow the Save Our Foreshore Group, and others with an interest in the site, the opportunity to work up and submit a bid as part of an open and independent marketing exercise, overseen by estate agent, Hodgson Elkington.
The number of bids received, the bidders and the proposals are all commercially confidential at this time.
Portfolio Holder for Coastal Economy, Coun Steve Kirk, said: “The open marketing exercise was an opportunity for anyone with an interest in Pier Field to put forward a bid. If the Council is to bring more investment into Skegness in the future and create more employment, it is important it demonstrates to investors that Skegness is open for business and that any opportunity for this will be properly and fairly considered.”
In the coming weeks the council will evaluate the bids received before bringing a report to the Executive Board for consideration.
Although the site has been marketed the site may not be sold with a final decision made by Full Council.
For more information visit www.e-lindsey.gov.uk/pierfield