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“Downtown L.A. is not the most favored market for large-scale investments” in properties that need to be redeveloped.

He said redeveloping Queen's Parade was being discussed when he moved to the city about 25 years ago and would be transformational.

"The landmark building offers the opportunity to create a 'key leisure venue which will add value to Gorleston's tourist offering' once it has been refurbished and redeveloped."

Several thousand people, including former Sinn Féin president Gerry Adams, have gathered in west Belfast to protest about the failure to redevelop Casement Park stadium.

Revised plans to redevelop Liverpool Street Station have been submitted to the City of London Corporation, Network Rail has said.