Overview
- After a third meeting on December 24, the Cabinet sub-committee signaled a hospitality-first reuse that must generate revenue and serve the public, drawing on international beachfront standards.
- Leading hotel brands including Taj, Leela, Atmos Core and FEMA submitted proposals, but they said the existing buildings are not fully suitable for hotel operations and would need additional construction.
- CRZ restrictions confine permissible development to about two acres of the roughly nine-acre site, sharply limiting new build options.
- The panel proposed keeping two blocks for public use, such as an art gallery and cultural programmes, alongside hospitality operations.
- An online review with the Group of Ministers is set for December 28 before final recommendations go to the State Cabinet, with ministers citing losses of about ₹7 crore annually and ₹25 lakh a month in maintenance.