Businessman Terry Riley is behind a multi -million pound plan to transform Southport’s once legendary Kingsway Casino site into a landmark building. The Visiter can now exclusively reveal that the Crosby businessman plans to build a state-of-the art apartment complex with leisure and retail facilities.
Mr Riley, who has acquired the Promenade site through his Ascot Property Group, is now on the cusp of a project thought to be in the region of £10m. The old casino was demolished after a fire in 2010. Although planning permission was previously granted for a hotel, apartment complex and retail site, APG will submit fresh plans to Sefton. Stuart Howard, head of property at APG, said:“We intend to redesign the previously proposed scheme and build a multi million pound landmark development, consisting of state-of-the-art residential, retail and leisure facilities.” A number of developers, including Mr Riley, have attempted to build on the site over the last decade. In 2007 the Southport based consortium Matila Properties Ltd announced plans develop site, but failed to submit formal plans. The site was eventually bought by the Bennett Property – the parent company of new developer, Woodthorpe Homes.
Source: Southport Visitor, UK