Issue - meetings

To consider a proposal for a complimentary development within the Madame Tussauds attraction.

The report is public. However Appendix 5a includes information that would however undermine the Council’s position in continuing negotiations so at the time of publication this document is not for publication by virtue of Paragraph 3 of Part 1 of Schedule 12A of the Local Government Act 1972.

The Executive resolved as follows:

1. To agree that Appendix 5a, to the Executive report, Financial estimates  is not for publication by virtue of Paragraph 3 of Part 1 of Schedule 12A of the Local Government Act 1972

2. To agree to the further development of the Madame Tussauds by the creation of a Television Themed attraction in the identified underutilised space.

3. To complete the delivery of the scheme as set out in this report, to include the completion of all due diligence associated with the project.

4. To complete the project funding package through debt finance in the form of Prudential Borrowing, as detailed in Appendix 5a to this report.   

5. To agree in principle to the creation of an addendum to the existing Madame Tussauds operating agreement and that the Head of Legal be granted delegated authority to authorise the addendum and any other legal agreements on behalf of the Council.