Who will be the New Owner of Southwold Pier?
News broke yesterday that Southwold Pier has been put up for sale by its current owners.
Curent economic conditions have been blamed as the Southwold Piers bank had asked for a 40% down payment on the funds required to complete the construction of the new art deco style hotel complex which was recently given the thumbs up from planning officials. The rising costs of new hotel development meant that the current owners would need £2,000,000 plus to fund the project which they do not have at their disposal.
So who will be the new owner of the Southwold Pier? Love Southwold, the good people of Southwold and the many tourists who visit this popular attraction each year would love to know.