Developers Nikal and Media Invest Entertainment aim to submit a planning application for the first phase of the leisure project in April. Proposals include a 1,300-space multistorey car park and a heritage quarter.
Land off Central Drive due to house future phases of Hollinwood Homes' £50m Foxhall Village could be redeveloped into community sports pitches by Blackpool Football Club to regenerate the Revoe area of the town.
Nikal’s £300m Blackpool Central leisure scheme, a link road at the town's airport enterprise zone and a community sports village in Revoe are among the projects earmarked to benefit from the £39.5m of Government funding.
The council is to enter into a joint venture with the development arm of Eric Wright Group, that would see the acquisition and redevelopment of a key site within Blackburn’s town centre regeneration framework.