Blackpool Council could be set to buy a historic former cinema for £700,000 as part of its plans to create a conference centre in the resort.
The Northwest Development agency is providing the funding required for the local authority to snap up the Grade II-listed building, according to the Gazette.
Regeneration company ReBlackpool want to bring an attraction to the so-called Conference Quarter area of the town in order to fund the construction of a new events venue.
The cost of acquiring the former King Edward Cinema on Central Drive will be £530,000, while the £187,030 will be needed to look after it until a development plan is finalised, the newspaper reports.
If the council proceeds with transforming the building into a conference centre, the exterior will have to be left unchanged because it is protected.
Meanwhile, a Grade-II listed mill in Mansfield could be turned into a conference centre under new plans being proposed by an organisation trying to preserve the historic factory, according to chad.co.uk.