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<body> NORTH STREET DEVELOPMENT UPDATE.<br> <SPAN ALIGN="LEFT"><FONT style="font-weight:bold;" COLOR="#133E58" LETTERSPACING="0" KERNING="0">OUTLINE PLANNING PERMISSION HAS BEEN GRANTED TO THE OWNERS OF OPERA HOUSE CASINO AND THEIR BUSINESS PARTNERS FOR A MAJOR CINEMA, LEISURE & HOTEL DEVELOPMENT ON NORTH STREET CAR PARK, ADJACENT TO THE CASINO ITSELF.</FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:bold;" COLOR="#133E58" LETTERSPACING="0" KERNING="0"></FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:bold;" COLOR="#133E58" LETTERSPACING="0" KERNING="0">The following is an extract from the Scarborough Evening News on 4 September:</FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0"></FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0">DEVELOPERS behind plans to build a hotel and multi-screen cinema in Scarborough town centre say they are "disappointed" not to have been given an exclusivity deal which would have allowed them to press ahead with their plans.</FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0"></FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0">Last year, the North Street Development company, which includes Nik and Becky Shaw, owners of the Opera House Casino, revealed plans for a £70 million scheme to redevelop North Street car park in a project which could have created up to 300 jobs and seen a multi-screen cinema and 80-bedroom boutique hotel built.</FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0"></FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0">However, director Ken Ferrie says he remains “very optimistic” about the scheme and the firm will continue to work positively and closely with Scarborough Council in the months ahead.</FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0"></FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0">He said: “Unfortunately, due to legal constraints controlling the council, we have been unable to secure an exclusivity agreement which would allow us to purchase the land without having to go through a bidding process.</FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0"></FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0">“However, the cinema and hotel operators we have secured as anchor tenants are prepared to wait until June next year to move forward with us.”</FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0"></FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0">An earlier application by the firm to get an exclusivity deal with the council had already been rejected, but having spent around £200,000 developing their plans, the Shaws and Mr Ferrie had hoped to win the council over.</FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0"></FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0">David Archer, the council’s strategic director, who has overall responsibility for overseeing development in the town centre, said: “A report will be presented to the council’s executive later this month.</FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0"></FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0">“It will recommend that specialist consultants are appointed to advise the council on the suitability of entering a property partnership model with a private contractor to develop town centre sites.”</FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0"></FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0">That means all sites identified by the council as suitable for development could be sold to a single developer once a tendering process had been completed.</FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0"></FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0">Mr Archer said: “We anticipate it will take approximately three months for the consultants to reach their conclusions. We will then draw up a further report which will include detailed proposals on a way forward for development of the town centre and the North Street car park site will form part of those conclusions.”</FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0"></FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0">Mr Ferrie said: “North Street Development shareholders had a meeting with senior council officers, including chief executive Jim Dillon and the head of regeneration and planning, Pauline Elliot, last month.</FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0"></FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0">“We were told by the council that they were looking at selling several sites around the town centre for development. They say they want a joined up co-ordinated approach to develop the town centre as a whole rather than individual random sites.</FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0"></FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0">“We understand the consultants will recommend whether the North Street car park is sold as part of a property package or as an individual site. We were assured by Mr Dillon that the council was impressed by our plans. We are now totally in the hands of the council and are ready to commence work immediately if we are successful in securing the land.”</FONT><br>.<br> <a href="http://www.operahousecasino.co.uk">Opera House Casino - Opera House Casino - Scarborough - North Yorkshire - http://www.operahousecasino.co.uk</a><br> <br> <br> <a href="http://www.operahousecasino.co.uk/pc.asp?xpath=&xpathid=&lang=eng">Opera House Casino - Home - http://www.operahousecasino.co.uk/pc.asp?xpath=&xpathid=&lang=eng</a> <br> <br> <a href="http://www.operahousecasino.co.uk/pc.asp?xpath=/home&xpathid=&lang=eng">Opera House Casino - Home - http://www.operahousecasino.co.uk/pc.asp?xpath=/home&xpathid=&lang=eng</a> <br> <br> <a href="http://www.operahousecasino.co.uk/pc.asp?xpath=/gaming&xpathid=/default&lang=eng">Opera House Casino - Gaming - http://www.operahousecasino.co.uk/pc.asp?xpath=/gaming&xpathid=/default&lang=eng</a> <br> <br> <a href="http://www.operahousecasino.co.uk/pc.asp?xpath=/gaming&xpathid=/americanroulette&lang=eng">Opera House Casino - 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