Council to discuss £3.5 million investment to secure cinema and road development

Lichfield District Council will discuss a significant opportunity to secure the long term returns of the cinema development and the Birmingham Road Site.

£3.5m is being requested from council reserves to acquire the interests of the cinema development partner within two years; ensuring that the long-term financial benefits of the scheme will remain entirely within the district. 

At the meeting next tomorrow, councillors will discuss the option and if agreed will be forwarded to cabinet and then full council for approval.

Councillor Doug Pullen (pictured), leader of Lichfield District Council, said: “The short-term financial support and expertise from our new development partners is crucial, but our longer-term goal is to shape our District in a financially prudent manner. This deal offers us the expertise to get the cinema up and running, and the longer-term financial security that we need.”

Negotiations between Evolve Estates and a cinema operator are still ongoing, and expect to be concluded this winter.