Ambitious proposals to redevelop the former Savoy Hotel and Queens Market in Rhyl could take a significant step forward next week as Denbighshire’s Cabinet discusses an offer of funding off Welsh Government to allow the Council to purchase and secure the redevelopment of the site.
In April 2018, Cabinet agreed to purchase the buildings, subject to receiving external funding. Welsh Government have now confirmed funding, with an initial offer of £2.5 million to allow the Council to progress with the purchase of the properties and initial preparation work, with an in principle commitment to another £2.5m of funding to assist with the sites redevelopment.
The proposal involves removing partially derelict town centre buildings and returning the site back to use; providing premises which will enable the mix of uses in the town centre to be diversified, providing it with a sustainable and economically viable future. This project is a key component in the Council’s commitment to support and transform the fortunes of the town centre.
Leader of Denbighshire, Councillor Hugh Evans OBE, said: “This is an exciting opportunity to contribute to the on-going regeneration of Rhyl by bringing the partially derelict properties in the town centre back into use.
“This would provide opportunities for new jobs and business growth, as well as stimulating the private sector to undertake further investment in the town.
“This would be a significant project that would form part of the overall masterplan for Rhyl and would complement the works going on or having been completed in Rhyl. They include the redevelopment of the Pavilion Theatre, the creation of the 1891 restaurant and the brand new SC2 waterpark and visitor attraction being built in Rhyl.
“This would be on top of the private sector investment in new hotels and restaurants in the town”.
The issue will be discussed at the next Cabinet meeting, being held on November 20th at County Hall, Ruthin.