Plans to bring thousands of jobs to a former St Helens pit have been revived at a cost of £6m to local taxpayers.
Homebuilders Langtree and St Helens Council have pooled resources to buy the Parkside colliery site, which sits on the border of Wigan and Newton-le-Willows.
The cost breakdown includes a £1.5m initial outlay and a further £4.5m in loan repayments, the Reporter can reveal.
They created a new venture capital company to acquire the freehold to the site, which they hope, once fully developed, will bring 2,000 new jobs to the area.
The mine closed in 1993 and was the last in Lancashire’s coalfield to shut.
Almost ten years ago proposals were unveiled to transform the derelict site into a rail freight distribution site, which developers believed would create thousands of jobs.
But three years ago those plans faltered due to the turbulent economic conditions and the site has lain dormant ever since.
The current plans include creating a road and rail distribution venue for businesses.
Council chiefs say a planning application for the site will be submitted within the new few months.
Council leader Barrie Grunewald said: “Parkside is one of the most important assets this borough has within its boundaries and offers the potential to create thousands of new jobs.
“This is a prime development site and offers a unique destination.
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