The leader of Nottingham City Council has given an update on the Broadmarsh centre.
Retail giant intu went into administration on Friday, June 26, leaving the Broadmarsh partially demolished.
Work to redevelop the shopping centre had been halted at the start of the COVID lockdown, and is now paused indefinitely.
Today, Monday, June 29, council leader David Mellen updated the Executive Board on the current situation.
Councillor Mellen, who represents the Dales ward for Labour, said: “The fact that Intu went into administration on Friday is obviously a very big blow for the people of Nottingham and for our plans for working with them.
“Intu has been seen in the past – and certainly when we signed the agreement with them – as a very successful company doing well across the country, running big shopping centres, bigger than the ones in our city.
“Such has been the change in retail, which arguably started before COVID but which has been accelerated by COVID, that we have been left in a situation with the work on Broadmarsh coming to a halt at the beginning of COVID, and now the lease has been handed to the administrator.
“We are in very early stages in terms of responding to what has happened.
“We tried very hard not to let it happen, I was on calls with officers here to the chief executive of both Intu and Sir Robert McAlpine the contractor just last week and we have been working with them, with our lawyers and other people for weeks now.
“But the situation has changed on Friday, and we will need to respond to that.
“It does give us a chance to look at what our liabilities are, what our responsibilities are, what our ambitions are and whether they are still the same.
“That will involve us thinking very hard, and hearing the voices many of which have come via email over the weekend to me with lots of different ideas for what we might do.
“Actually the situation is that the investment that we’ve put into that centre we need to see how that could be secured going forward and what we would do with the space, a very important space in the middle of our development of the south side – which outside of the Broadmarsh centre is still going well, with the college, the castle, the car park bus station and library site all progressing well.
“That doesn’t mean the Broadmarsh isn’t really bad news for the city, it is.
“But we will work as hard as we can and look for partners who will help us with that.”