Cost of demolishing Queen’s Cinema was £625,000
The cost of demolishing the Queen’s Cinema amounted to £625,000 and will be recovered from the redevelopment of the land, the Gibraltar Parliament was told in its last session.
The demolition of the Queen’s Cinema has provided 23 parking spaces as a temporary measure until the site is redeveloped into an affordable housing development.
In a recent question and answer session the Chief Minister Fabian Picardo confirmed that the cost of the demolition works was £625,000.
He added: “These costs will be fully recovered as part of the redevelopment of the area.”
Asked by GSD MP Roy Clinton why the urgency in demolishing the building, Mr Picardo said there were structural issues inside the theatre which were becoming dangerous.
In its most recent manifesto the GSLP/Liberal Alliance vowed to redevelop the Queen’s Cinema and Queen’s Hotel site into an affordable housing development which will include 50/50 sales and rental housing for pensioners.
Additionally, the Alliance vowed to make provision for a small art-house style cinema within the site.
“The area will also include provision for a facility for our old time dancing clubs in a manner designed to honour the fact that this site was the location of the Old Assembly Rooms,” the manifesto read.