CCBC have used their Compulsory Purchase powers to buy the Market Hall in Colwyn Bay and will sell it on to a Private Developer. No reason why they can't do the same with the Pier Pavilion site. Everything I've highlighted in bold applies equally, if not more so, to the Pier Pavilion site....
15/03/12 - Council takes ownership of Market Hall
Conwy County Borough Council is pleased to announce it has taken ownership of the former Market Hall building in Colwyn Bay.
As part of the Bay Life+ regeneration of Colwyn Bay, the Council and Welsh Government have made a number of property purchases that are of strategic significance to the town.
The former Market Hall building and neighbouring properties on Princes Drive are part of that programme. The site is an integral part of the Masterplan to regenerate the town because it's in an important and prominent location between the Station Square and Penrhyn Road. Ultimately the site will be redeveloped.
Cllr Goronwy Edwards, Conwy's Cabinet Member for Communities said, "This site has been a blight on the town for many years. It's taken many months of legal work and negotiation but today, at last, we've received confirmation that it is finally in the Council's ownership."
Rob Dix, Regeneration Area Programme Manager said, "The Market Hall site is an important site to see redeveloped. Not only does its rundown condition visually detract from the town, but the various ownerships on the site made it very difficult for a private investor to redevelop the site. Today we have managed to bring the whole site into single ownership - making future redevelopment possible."
Conwy County Borough Council will be looking to assist the remaining tenants in their relocation. The buildings will then be demolished and the site sold for redevelopment in accordance with the development and design briefs agreed by Cabinet.