Lundin Links Hotel liquidators will attend a public meeting in the town next week to discuss the aftermath of the fire.
Residents and business owners have been invited to hear an update on plans for demolishing the once-prominent building.
It was ravaged last week in what is thought to be a deliberate blaze and is in a perilous state.
The main road past the site has been closed ever since and it is causing severe problems in the village, with some drivers ignoring diversions and businesses reporting plummeting custom.
The meeting takes place at the Old Manor Hotel, Lundin Links, on Monday at 2pm.
Liquidators Middlebrooks confirmed three members of staff would attend.
Police, Fife Council officers and local councillors are also expected to be there.
Call for demolition timescale
Claire Middlebrooks, from the liquidation company, said her team was working with structural engineers and demolition contractors to ensure a swift resolution.
She described the situation as complex but added: “We hope to be in a position to keep all local residents updated in real time.”
Labour councillor Colin Davidson said he hoped the liquidators would be able to provide a rough timescale for demolition.
“Last week I was given assurances it would be done promptly and probably within a few days of the fire,” he said.
“It hasn’t happened yet and people are suffering as a result.”
Mr Davidson encouraged as many people as possible to attend the Lundin Links Hotel meeting.
“I hope business owners can come along,” he said.
“I want the company to know the impact it’s having on people’s lives.
“We’re just coming out of Covid. Now some businesses are saying they’re ready to close their doors until we get this sorted out.”
Lundin Links Hotel targeted by vandals
The C-listed Lundin Links Hotel closed in 2014 and was bought by housing developer Kapital Residential.
It secured planning permission to transform the site into flats but work never started and the company went into liquidation earlier this year.
The building fell into disrepair and became a target for vandals and fire-raisers.
And last week’s catastrophic blaze – fought by firefighters for more than 17 hours – came as no surprise.
However, it is now in danger of collapse and has been declared dangerous.
And road diversions are adding to residents’ woes as HGVs try to pick their way through narrow streets.
The Railway Inn in Lower Largo was damaged after being struck by a lorry this week.
And people have reported trucks full of sheep, fuel tankers and even mobile homes trying to get through.
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