Daventry District Council is on course to agree a lease to its preferred cinema operator for the Mulberry Place development this summer.
The Council is making good progress on the scheme to build a four-screen cinema, two restaurants and public square with splash fountains on land north of High Street.
Following a Motion put forward at Full Council meeting last night, councillors were updated on the project and heard that the Council is in advanced negotiations to appoint the operator, with the lease expected to be agreed in June/July.
Planning permission has already been granted for the scheme and a business case approved, and the Council has been working with a shortlist of operators on ensuring the layout of the development accommodates their future needs.
Due to sensitivities surrounding the commercial discussions, the name of the operator cannot be announced at this present time but will be in due course.
Following the recent relocation of the library to The Abbey in St John’s Square, contractors Willmott Dixon will start on site to demolish the former building. Archaeological field work will take place this summer ahead of construction.
The Mulberry Place cinema development is subject to a realistic yet challenging timescale for the Council to complete the new cinema and restaurants by early 2021.