Billionaire Roger De Haan has revealed he is in negotiation with a number of companies which will become partners in the venture to realise his popular Masterplan vision.
The former Saga boss will redevelop the redundant site to provide benefits including 1,000 homes, recreational facilities, civic building, university campus and shops.
Mr De Haan told a business construction magazine: "The seafront and harbour development presents an extraordinary opportunity to provide Folkestone with a superb new waterfront development.
A little more here in the Herald. Sounds like it's going to be five years or more until it's finished though, bah.