A proposed cinema in Doncaster town centre is back in the pipeline following a lengthy delay.
Developer Muse was due to build a six screen 1,600 seated cinema with four restaurants in Waterdale next to the Cast theatre back in 2014 at a reported cost of £300 million.
But the private developer 'couldn't make it work financially' and the Savoy cinema project stalled.
A report was brought forward to cabinet members on Doncaster Council in August 2017 which sought approval to proceed with the Savoy cinema development with the council acting as landowner, funder, developer and landlord of the completed development.
This was approved subject to having the Savoy Cinema deal completed and enough restaurant tenants in place, prior to starting construction, to cover the funding costs.
Cabinet members will be asked to approve the procurement and construction of the development with a lease in place with the cinema operator but without any restaurant operators in place. A meeting will take place on Tuesday, July 17.
Once completed, council bosses estimate the development will generate revenue, 100 jobs and £530,000 in business rates from the cinema.
The scheme will also benefit from £635,000 from the Sheffield City Region.
If approved, the council will proceed with work to finalise plans, drawings and planning conditions and to complete the procurement for a contractor to construct the development.
Simon Maxton, assets surveyor at Doncaster Council, said: "The disposal of land at Civic and Cultural Quarter (CCQ) known as ‘Savoy Cinema Site’ has been a longstanding leisure based development opportunity and was part of the Muse Development Agreement.
"This site has been brought forward to cabinet in 2016 before for approval for Sheffield City Region Infrastructure Fund (SCRIF) funding. However, due to Muse being unable to make it work commercially, the proposal stalled.
"Once completed it will create an annual rent (details of which are expanded upon in the financial appendix), circa 100 jobs, an estimated rateable value of circa £530,000 and an enhanced CCQ leisure offer.
"It is proposed that the Council will enter into lease negotiations with potential occupiers with a view to opening the scheme by end of 2019."