Regent plans fail to draw wide support

The Regent Community Cinema.
The Regent Community Cinema.

THE future of the Regent Cinema is still no clearer with the only local businessman publicly to come up with a proposal to safeguard it saying he has been left frustrated by its response.

Jim Parker, of Fife Properties, last month put forward his idea for a community buy-out of the Commercial Road building, which is up for sale, and asked for willing investors to contact him to look at creating a consortium.

It would then buy the building from owner Raphael Properties with the aim of renting it back to the Leven Community Cinema Group.

However, since revealing his idea Mr Parker said his phone has barely rung, much to his disappointment.

He explained: “I said I would put up £20,000 and a friend of mine said he would do the same.

“I had an elderly couple contact me and they said they would put in £1000 each.

“That’s the kind of people I was hoping for because if you get 120 of them then you would have enough but, apart from that, there has been nothing.

“The reaction has been pretty poor and I am surprised by it.”

Mr Parker insisted he came up with his proposal as he believes the cinema is a worthwhile asset to the town. He added by creating a consortium it would avoid the problem of an individual owner forcing its sale again.

Although disappointed he said his bid wasn’t dead just yet and he was continuing to speak to Victor Levy of Raphael Properties to negotiate on the price.

But time appears to be running out with the building due to go up for sale at auction in Glasgow on May 1.

Mr Parker can be contacted at Fife Properties on 01333 421774.