Owners of Dreamland site in Margate go live with new name
THE owners of Margate's Dreamland site are rebranding their company following the death of businessman Jimmy Godden.
Margate Town Centre Regeneration Company has relaunched itself as DreamlandLive. It is fighting a Compulsory Purchase Order (CPO) for the land and will be in Margate this summer to explain its proposals for the site.
DreamlandLive released a statement saying: "The owners recognise the need for Dreamland to continue as a public attraction.
"DreamlandLive's proposals include plans for a state-of-the-art 4D experience similar to the space simulator at Cape Canaveral in the USA, as well as ambitions to restore the Dreamland cinema.
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"Housing is still a key part of how DreamlandLive plans to fund the new development, but since plans were first drawn up the number of homes included has been reduced by about 50 per cent, from 800 to 474."
Thanet council is attempting to buy the site, which it would hand to the Dreamland Trust to develop a heritage amusement park on the whole site.
DreamlandLive chief executive Toby Hunter believes that Thanet people do not understand the scale of borrowing the council would have to take on to make this scheme happen.
He said: "Firstly, I do not believe the CPO will go ahead. The law is not on the council's side. Secondly, the council does not have money to buy the land. It will be at least £2 million and could be up to £14 million."