Cineworld has confirmed that, due to its financial restructuring, it will not be able to proceed with its lease at Colchester Leisure Park. This decision frees Colchester City Council to seek an alternative cinema operator. Discussions are already underway, though the council recognises there will be delay and uncertainty until an agreed plan is place. The council will remain in close contact with other tenants, both those already on-site and those in prospect.
As a result of Cineworld’s restructuring, some restaurant tenants at Colchester Leisure Park have opted to delay their fit-outs until the future of the cinema site is confirmed. While we understand their caution, we remain in regular communication with all stakeholders and are confident that the ongoing development will continue to attract exciting new opportunities for the park. Interest in the site, including other leisure and restaurant offers, has been highly encouraging, and we are optimistic about its long-term potential to benefit both the community and the local economy.
Cllr Mark Cory, Colchester City Council Deputy Leader and Portfolio Holder for Resources said: “We have to be realistic; this is not the ideal situation for us, especially following Covid and the writers’ strikes, which have contributed to Cineworld’s issues. However, we have been aware of Cineworld’s issues for some time and are prepared for the next steps.
“I was at Hollywood Bowl on Saturday, and it was busy with people having a great time. We are excited about the possibilities that lie ahead for the cinema site and the early interest we’ve received from other providers. Our priority is to engage with the community and find a suitable provider who can bring a fresh entertainment offering to Colchester.”
Cllr Cory added: “The previous government cut council funding to zero and advised us to generate our own income. Colchester Leisure Park is part of our strategy to increase commercial income to subsidise services while offering new leisure opportunities for our residents.”
Page last reviewed: 9 October 2024