THE owner of a shop that has stood empty for several years is being threatened with a compulsory purchase order.

The former Blockbusters store in Market Street, Colne, was described as a “running sore on Colne’s high street” by Cllr David Whipp at the latest policy and resources committee meeting.

Cllr Whipp proposed the order to be prepared and warned the owners that the council are determined to deal with the property before it becomes more derelict.

Cllr Whipp said: “The council has a good track record of dealing with problem properties in Colne, with Shackleton Hall, the precinct and now the old health centre having effective action.

“Problems with the Blockbusters building have gone on far too long and it’s time that is regenerated too.”

At the meeting, Conservative group leader Councillor Christian Wakeford supported the proposal, but said: “My concern would be the financial implications.”

Councillor Victoria Fletcher said, referring to previous action on the property: “It’s just one of those things, they’ve been fined, but don’t take any notice.”

It was agreed to develop a scheme for the site, the hold discussions with the owners to ascertain if it can be purchased by negotiation, to receive a further report on the financial implications of a CPO, and to consider the matter again within three months.

The site has been empty since Blockbusters went into administration in 2013.

Plans were submitted to Pendle Council in February to turn the site into a new refurbished shop and five flats.

However the plans were refused in April due to an appearance issue.