Ryde Town Council look set to be made special purchasers of Ryde Harbour and Eastern Gardens, it has been announced.
A delegated decision is due to be made by Councillor Stuart Hutchinson over the future of the Isle of Wight Council assets.
The Town Council will have to prepare a full business plan within a period of 3 months to allow things to move to the next stage. If accepted, terms of the purchase of the harbour will be discussed, alongside the terms of adjoining land – part of the Quay Road car park by the skate park and Eastern Gardens.
If Ryde Town Council cannot produce a sound business case then the harbour will go on the open market after 1st April 2020. There would be a restrictive covenant on the use of the harbour.
It has suggested that Ventnor Harbour does not go on the open market until after 1st April 2020.
Representations by councillors must be made by 22nd November.