Plans for the major redevelopment of an Isle of Wight seafront eyesore have fallen through again. After more than 18 months of no action at the Shanklin Spa site, since the Isle of Wight Council agreed to sell the land, the preferred developer has walked away. The Isle of Wight Council hoped the prominent site on Shanklin Esplanade, next to the Cliff Lift, would be transformed into the ‘Island’s first’ apart-hotel and climbing wall, with space for small businesses to trade. The site is currently made up of derelict buildings, closed public toilets and a council-owned car park and had been identified in the authority’s 2019 regeneration strategy as 1 of the 6 large regeneration opportunities on the Island – of which just 1 has been realised, Ryde Interchange. A spokesperson for the authority has confirmed the developer has discontinued their interest but the council intends to remarket the site in the coming months. In the meantime, the council says the site continues to generate money through the pay and display car park. 
DEVELOPER WALKS AWAY FROM SHANKLIN SPA SITE REDEVELOPMENT IN MAJOR REGEN BLOW
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