'Offshore' investors to fund transformation of Jersey's Fort Regent
Plans for the future of Fort Regent in Jersey could include a 3,000-seater performance space, hotel and casino.
ITV News understands a range of options have been considered in recent months, including a £261million plan to completely develop the site into a cultural centre, with income from a casino used to fund the debt repayments.
However, the current favoured option is for the government to fund the total clearance of the site including removal of asbestos, so that a private developer can then fund the transformation of the site as a multi-purpose "cultural quarter".
A report on the government's favoured plans is due to be published in mid-May, after which interested parties will be able to come forward with their own proposals.
The government last month announced plans to take sports clubs out of Fort Regent as part of a wider plan for sport in the island.
The Fort is currently being used as the island's main Covid-19 vaccination centre, meaning nothing will happen before September this year.
The latest 'vision' for Fort Regent is just the latest in more than a decade's worth of consultations and presentations on its future purpose, all of which have come to nothing.