A marketing exercise has begun to consider the possible sale of Pier Field in Skegness.
Bidders are being invited to come forward by the seafront site’s owners East Lindsey District Council.
It follows a decision to list the park land as an assest of community value by councillors last March.
The marketing exercise is being carried out on behalf of the council by Lincoln based chartered surveyors and property consultants Hodgson Elkington.
The deadline for bids is September 9, when a six month moratorium preventing the sale of the site ends.
Contractors are due on site to carry out a geological survey to determine the load bearing capacity of the ground.
The results of the survey will be available to organisations wishing to submit a bid.
Coastal economy portfolio holder Coun Steve Kirk wrote to councillors last week to announce the launch of the marketing initiative.
He said: “It is important to make clear that just because the site is being marketed it doesn’t mean the site will be sold. That would be a decision for Council.
“Once the marketing period has closed recommendations will come back to the Executive Board and then to full council for consideration.”
The Save our Foreshore group, which campaigned against the proposals to develop a Premier Inn hotel and KFC restaurant on the site, is expected to be amongst the bidders.