Decision Maker: Executive Member (Resources)
Decision status: Recommendations approved
Is Key decision?: No
Is subject to call in?: Yes
Recommendations approved
Reasons for recommendations
As outlined within the report.
Other options considered and rejected
Do nothing – This was discounted due to the potential negative consequences for Chorley Town Centre. Denying the rent holiday could lead to financial instability for the cinema, potentially resulting in the closure and loss of a valuable community asset.
Accept Reels Proposals of Turnover Rent or 2 year half rent – This was discounted due to a significant decrease in revenue for the Council.
Publication date: 09/07/2024
Date of decision: 09/07/2024
Effective from: 18/07/2024
Accompanying Documents: