Saturday 4 December 2021
5.6 C
Nottingham

£20million needed by October to demolish Broadmarsh

Nottingham City Council may need to find millions of pounds of extra cash to demolish the former Broadmarsh shopping centre if it can’t secure £20m of Government funding by October.

The demolition of the decaying shopping centre is a key part of the council’s vision to attract developers and build ‘a mixed use’ scheme on the site.

It has already secured funding to demolish the western end of the shopping centre near to Maid Marian Way.

But it is relying on a £20m Government bid to demolish the rest of the site and to fit out the new Central Library.

The cash-strapped authority is currently running at almost £1bn of debt and is selling off land and buildings to generate cash.

Cllr David Mellen (Lab), leader of Nottingham City Council, told the Local Democracy Reporting Service: “That site is not going to be easy to develop while there is a half-demolished shopping centre there and we need to clear it so it can be a space.

“The Government has not funded this area well – and we don’t know how successful we are going to be with the bid. It’s a competitive process.

“It will delay it [the demolition] and we will have to find other ways to make the money. This money would be a nice assistance.”

The Broadmarsh was set to be transformed into a major entertainment venue by Intu before the company plummeted into administration in June 2020.

•  City council to sell The Ferry Boat Inn in Stoke Bardolph

Plans included a new cinema, bowling alley and restaurants.

The collapsed company handed the site back to Nottingham City Council, which set up an advisory group and ran a consultation with the public asked for their ideas on how the site should be developed.

Urban designer, Thomas Heatherwick and property development firm, Stories, are currently onboard and coming up with a framework that appeals to investors. The vision is set to unveiled in the Autumn.

Cllr Mellen said: “It is the size of Wembley Stadium. It is a big space, and no one wanted Intu to go into administration, but it has given the council another chance to look at that space.

“[Old] Market Square is prized by people and not just people eating sandwiches at lunchtime. We need the Broadmarsh site to be a space for people to visit.

“I like the mixed-use idea. We have not got many people living in our city centre. We tend to live in our communities and come into the city centre and I think there are opportunities here.

“We have got plenty of developments for students and I am not sure this is the right place but that has not been decided.”

He said while there could be green space included in the plans, it was unlikely the former Broadmarsh site would facilitate another park.

“This is a space that provided business rates to the council and a park does none of these things.

“We have got plenty of splendid parks such as the Arboretum, Forest Recreation Ground and Wollaton Park not far from the city centre.

“It does not mean we don’t want any more. We need to take in to account what people have said and the experts and bring forward a vision that is lovely but achievable.”