The proposed regeneration of Lime Street’s former ABC cinema in Liverpool may be about to move a step closer.
A report to be discussed by the city’s cabinet this Friday (12 December) recommends that the building be sold to Neptune Developments for £1 – a decision which could fast track its redevelopment into a new music and entertainment venue.
The redevelopment of the former ABC cinema, which closed in 1998, is the next phase in the major regeneration of Lime Street.
The cabinet is being asked to recommend that the Grade II-listed building, which sits on the western side of Lime Street, be transferred from council ownership to Neptune for a nominal £1 fee.
According to the report, a planning application is due to be submitted shortly for the scheme “with an aim of giving the city a venue of international standing” which will see the former cinema converted into a venue which can hold crowds of up to “1,500 for live performances in its famous auditorium”.
The proposed investment cost of revamping the ABC, which could also include TV broadcast facilities, bars and restaurants, is £11 million.
Earlier this month, Neptune, which is delivering the £39 million regeneration of Lime Street, enlisted the services of building contractor ISG to help bring forward the scheme which includes retail and leisure provision, student accommodation and a new Premier Inn hotel.