Four bids have been made by groups wanting to take over Burnham-On-Sea’s Princess Hall, it was revealed by the district council on Wednesday (February 3rd).
Sedgemoor District Council confirmed that four firms have submitted formal ‘expressions of interest’ to take over the management of the loss-making hall, pictured right.
Nicola Slawski, Group Manager of Regeneration at Sedgemoor District Council, told Burnham-On-Sea.com: “Four bids were made by this week’s deadline and we’re now starting the process of checking them against our minimum requirements and examining each of the proposals before the second stage of the competition gets underway.”
Among the four bidders is S&D Cinemas, which runs Burnham’s Ritz Cinema, and The Friends of The Princess, which currently runs the hall in conjunction with Sedgemoor District Council.
The council said on Wednesday it could not confirm the identify of the four groups until later in the competition.
Sedgemoor District Council has been responsible for the Princess since a local Government re-organisation in 1974. The Princess was subject to a major refurbishment (costing £700,000 plus) in the mid 1990s, but has been a loss-making facility in recent years, sparking fears that it may close. The district council is seeking a new owner to take it over and run it as a community facility.
