Dumfries and Galloway Council and Stena Line have said more than 20 inquiries have been made into a proposed development. They added that those interested, have until the end of October to submit their ideas.
A memorandum of understanding has been established between the local authority and Stena Line which highlights both parties will work together to develop a regeneration strategy for the pier.
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The site comprises of some 17 acres and could be developed to include mixed-use commercial, retail and residential use. There is also the potential of a casino licence, plus the development of the wider waterfront, including expanding the current marina.
Colin Smyth, Chairman of Dumfries and Galloway Council's Economy, Environment and Infrastructure Committee, said: "The Council is keen to work in partnership with the right developer, one who sees this unique opportunity as more than bricks and mortar but as a vision for the future of Stranraer and a benchmark that others will measure against."
Les Stracey, Stena Line, commented: "Stena Line has invested heavily in the development of the new state-of-the-art port and terminal facility at Loch Ryan and continues to work in partnership with Dumfries and Galloway Council on this unique project.
"We hope that the significant interest in this prime development site will grow and look forward to a very positive outcome for the town and the region."
(JP/CD)
