Nottingham City Council has been asked to award a contract for the construction of the Broadmarsh Car Park and Bus Station scheme part of the £250 million regeneration of Nottingham city centre. Member sof the Council’s executive board will be asked at a meeting next week to approve the project and award a contract for construction.
“This is an important milestone in the project that will enable this exciting development to be delivered,” said Council leader John Collins. “The positive impact of investment to date, such as the transport hub at the station, the latest tram extension and the transformation of Station Street, can already be seen in the form of renewed interest in the area and other, private developments coming forward.”
The Broadmarsh Car Park and Bus Station scheme will also feature retail units and is part of the wider Broadmarsh programme that will deliver significant regeneration on the southern side of the city centre and complement intu’s redevelopment of the shopping centre.
“Work began recently on the new Nottingham College and the castle refurbishment is now under way,” said Cllr Collins. “Moving ahead with the new car park and bus station development is the next piece of the jigsaw and can only further promote this regeneration momentum, bringing undoubted economic benefits to the city centre, and providing a high quality addition to the streetscape between the station and the city centre.”
The Car Park development replaces the previous 1960s building, which was demolished earlier this year, offering a 1,341-spaces car park, a modern bus station and retail units in Carrington Street, Collin Street and along the concourse area fronting onto the bus station.
The £250 million investment includes developments in the wider Broadmarsh area, such as the car park, bus station, shopping centre, college and castle. These developments are expected to create 3,000 jobs, £10 billion GVA uplift over ten years and attract around three million new visitor every year. The car park development alone is forecast to create more than 100 jobs and generate almost £3 million a year for the Nottingham economy.
