65 Tatton Park Vision PDF 121 KB
To consider a report of the Head of Regeneration
Minutes:
The Committee gave consideration to a report which presented the new vision for Tatton Park which aimed to substantially develop the visitor experience, generate new sources of income and in doing so, eliminate the need for a public subsidy.
By 2016/17, it was proposed that Tatton Park would attract over 1 million paying visitors; this increase would directly increase park entry revenues as well as secondary spend throughout existing and new visitor facilities. This improved economic performance would have been achieved by a programme of targeted investment, cost efficiencies and development in existing visitor product.
The proposal aimed todeliver real growth in a competitive market through developing the potential of its attractions and events. This would deliver sufficient additional net income to help eliminate the need for a public subsidy over the next 5-6 years and provide a sustainable platform from which to secure its current and future leasehold obligations.
It was noted that the report and recommendations had already been considered and approved the Tatton park Board and Cabinet.
RESOLVED
That Cabinet be recommended to:
1. Endorse the Tatton Park Vision, supported by a capital “invest to save” programme to realise the full potential of the asset.
2. Update the Council’s Capital Programme be in due course to include investment in development proposals as part of the Tatton Vision programme, supported by firm business cases.