The North Bay waterpark is moving forward at last after developers met an extended council deadline to finalise parts of the deal.
The deadline for Benchmark Properties Ltd to meet a number of criteria laid down by the council when it approved a £9 million investment in the scheme in September came and went on Friday.
Scarborough Borough Council leader, Cllr Tom Fox, had already granted the developers an extra 25 days when the original March 31 deadline came and went.
Cllr Fox said: “Today’s decision is a significant milestone and should be the catalyst that will get The Sands project moving once again and bring massive economic benefits, not just to Scarborough, but the whole borough too.
“While there is an element of risk, it shows the confidence we have in the scheme and demonstrates the council’s strong commitment to economic growth, regeneration andjobs. It is now over to Benchmark to deliver a first class attraction we can all be proud of.”
The council is set to provide a loan facility for up to £9 million of the estimated £18 million cost of the waterpark,
Roland Duce from Benchmark added: “Scarborough’s place in history as the first seaside resort is assured, but it’s important the town continues to evolve in order to attract new generations of visitors.
“The water park will be a world-class attraction of the very highest calibre and I look forward to delivering it for the people of Scarborough and the Yorkshire coast.”