A NEW £45million leisure resort could be created in Torbay — creating 650 jobs.
The Clennon Valley and Goodrington areas could be transformed into a major sporting and leisure venue.
The scheme could include a new lease of life for the Torbay Leisure Centre and preserve open green space.
The cost of the project will be funded by the preferred developer — Moirai Capital Investments Ltd — and their investment partners.
Part of the package agreed between Torbay Council, the Torbay Development Agency and Moirai Capital Investments Ltd is the improvement of sports pitches in the valley, water sports facilities at Goodrington and a multi-screen cinema and restaurants at Claylands off Brixham Road.
The project would also complement the closed road cycling circuit, which is already under construction near Dartmouth Road, and will ensure the delivery of the associated British Cycling outdoor velodrome.
The developer is proposing:
A new 25m swimming pool
Improvements to the existing TLC 30m swimming pool to create a children's recreational pool.
Bringing a ballistics hall from the London Olympic Games to Torbay creating contemporary facilities for archery and the Paignton Rifle Club.
New gymnastics hall
Beach sports centre at Goodrington
Ten-pin bowling centre and multi-screen cinema, as well as retail and dining outlets at the Claylands site on the Brixham Road.
Moirai propose to make the Splashdown Waterpark an all year round indoor facility.
The council says the development will be run on a commercial basis, removing its current subsidy for the TLC and its ongoing maintenance costs, and significantly increasing Torbay's sporting and leisure facilities. The costs of running the wider operations will be offset with more profitable elements including the development at Claylands.
Details of the proposals will be available to view at a public consultation event on March 14 to 15.
Torbay mayor Gordon Oliver said: "Moirai recognises the potential for tourism and leisure development that Torbay has to offer against a unique backdrop of landscape and coastal scenery. I am particularly impressed with the way that they have presented a viable commercial solution that enhances and preserves the public open space at Clennon Valley and safeguards Youngs Park for open access and public use for future generations."
Martin Barber, of Moirai Capital Investments (Torbay) Limited, said: "These are marvellous locations with great potential for increasing their attractiveness as outstanding leisure facilities. Our plans will greatly enhance the scope for attracting visitors and ensuring that Torbay consolidates its position in the premier league for both holidaymakers and casual visitors. Our planned investment will also provide in the region of 650 jobs."
Robert Excell, the council's executive lead for sport, said: "This enables us to create a cost effective solution to the plans we have been working on with British Cycling to create a centre of excellence for cycling in the Bay."
Torbay Council executive director and TDA chief executive Steve Parrock said: "The council is committed to providing leisure facilities for its residents of the highest standard with increasing pressure on budgets. So the investment and expertise of a professional operator will enable us to improve Torbay's sport and leisure offer at no cost to the council and at a reduction of the current maintenance costs.
"I am delighted that the team has secured this extremely attractive inward investment and regeneration proposal."
British Cycling's regional development manager for the South West Will Newton, said: "We are now looking forward to working with our partners to deliver a facility that will benefit everyone." The tender will be referred to a full council meeting on May 1, with the recommendation for approval, subject to the feedback from the public.