A bit more information on the development, Cllr Driver intends to put the following motion to council:
“Motion to Council 6th December
This Council expresses it's concern about the worrying lack of progress of SFP Ventures
(UK) Ltd in developing the Royal Sands construction project.
Council notes that SFP Ventures (UK) Ltd have been in negotiations with the Council to change the current development agreement.
Council understands that this new agreement is ready for approval once SFP Ventures (UK) Ltd has demonstrated that
A) it has finance in place to complete the project and
B) that it has an agreement in place with a hotel management company to run the hotel which forms part of the development agreement with the Council.
Council notes that more than 4 months have elapsed since it requested SFP Ventures (UK) Ltd to provide the information in A) & B) above.
Council recommends to Cabinet that if SFP Ventures (UK) Ltd are unable to provide the information requested by the Council in A) and B) above by 31 January 2013 that
Cabinet refuses to agree any new terms with this company and will robustly enforce the existing agreement including taking back the leasehold of the Royal Sands development if necessary.
Moved by Councillor Ian Driver”
My take on this is that it is likely that we are coming to the end with this one, something that struck me about the previous post http://thanetonline.blogspot.co.uk/2012/11/saturday-ramble.html was that although there was a fair amount of comment, there was no comment, even anonymous supporting continuing with SFP Ventures.