Last month I brought you the news that tiny Terence Painter, the Ile's dapper, diminutive developer and estate agent, had closed his office opposite the Royal Harbour. TP, if you recall, is the lead agent for selling the seven, 12 star hotels and 9 million luxury apartments at the planned Pleasurama Development (aka Royal Sands aka Titanic aka Elsbels Palace Hotel).
Word has now reached the old Eastcliff lugholes that the bankers for the developer, SFP Ventures (UK) Ltd., have withdrawn their funding for the project, no doubt because their credit has been well and truly crunched. If confirmed, this would be a serious blow to the future of Ramsgate's seafront, which has already suffered a decade of eyesore blight, following the mysterious fire that destroyed Pleasurama in the late 90s. Should the development not be in position to go forward, may I humbly suggest that our friends on Uranus somehow wrest the site back from SFP and flipping well do something useful with it? Heritage theme park, anyone?