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The Dreamland Project - Regeneration in Margate!

The Dreamland Project - Regeneration in Margate!

Compulsory Purchase Order confirmed

Thanet District Council today received the Secretary of State's approval for the Compulsory Purchase Order of the Dreamland amusement park site in Margate.    The Order was confirmed without any modifications and the objectors' costs applications refused.  The Council and the Dreamland Trust have secured more than £10m of funding to develop the site as an amusement park of historic thrill rides as well as restoring the important listed structures within the park, including a 1930s art deco cinema and the UK's oldest wooden rollercoaster.  However it was not possible to agree a transfer of the site from the current owners and so to bring forward much-needed regeneration for Margate, the Council decided to promote a Compulsory Purchase Order, resulting in a public inquiry in early 2012.

Trowers & Hamlins advised on the strategy and implementation of this major Compulsory Purchase Order, with a team led by partner Malcolm Iley, associate Paul Hopton and Henry Fitch advising the Council throughout the compulsory purchase process.  They acted in conjunction with Mr Harvey Patterson the Council's Solicitor.  The two objectors to the Order, the site's owner (Margate Town Centre Regeneration Company) and its bank (Close Brothers) were advised by Fladgate and DLA Piper respectively.

On hearing of the decision, Malcolm Iley said "This is a fantastic outcome for Thanet District Council and the Dreamland Trust, and of course for the people of Margate.  Having the Order confirmed in full will allow this important project to move forward, providing a huge boost for one of the most deprived towns in south-east England.  It is an excellent example of a community getting behind a project to regenerate an iconic local landmark, and it is gratifying that the Secretary of State and the Inspector have recognised this.  The opening of the successful Turner Contemporary Gallery last year has shown the potential of Margate, and the Secretary of State's decision today is a further important step in the revitalisation of the local economy.  We are delighted to have been able to help in the successful promotion of the Order, and I look forward to seeing the park re-open in 2014".