Major blow for £2.5bn ‘British Disneyland’ sprawling entertainment park as plans are officially SCRAPPED
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A £2.5 billion theme park dubbed the "British Disneyland" has been dealt a major blow with plans officially scrapped. First announced in 2012, the London Resort was set to be built on Swanscombe Peninsula in Kent. The massive attraction would have been three times larger than any other UK theme park and equivalent to 136 Wembley stadiums.
But since then the build has been plagued with disastrous setbacks. Now, plans are officially dead in the water for the multi-billion pound entertainment park. A High Court judge has ordered the company behind the London Resort project - London Resort Company Holdings (LRCH) - into liquidation.
The proposed park was set to feature rides, restaurants, hotels, create tens of thousands of jobs and pulling in millions of visitors. But, after locking horns with entertainment giant Paramount - which had been left furious by a broken contract it claimed had left it owed millions - its legal pressure has now brought the curtain down on the scheme.
A spokesman for LRCH said: “The dream of the London Resort has been ended by the courts. Natural England fatally wounded the scheme, a single creditor has killed it and, with it, any chance of the UK competing on the envisaged scale of London Resort.”.
Kuwaiti businessman Dr Abdulla Al-Humaidi - the original main driving force behind the scheme - had hoped to keep the dream of the theme park alive. The London Resort had been designated a NSIP - a Nationally Significant Infrastructure Project. To proceed, it needed to secure what’s known as a Development Consent Order (DCO).