Councillors will be asked next week to agree to move ahead with the construction of the new Broadmarsh Car Park and Bus Station.
The new, modern car park with integrated bus station and retail units is an essential part of the wider Broadmarsh programme, which will deliver significant regeneration on the southern side of the city centre, and complement intu’s redevelopment of the shopping centre.
Members of Nottingham City Council’s Executive Board will be asked at a meeting on Tuesday 31 July to approve the project and to progress with awarding a contract for construction.
Council Leader Cllr Jon Collins said: “This is an important milestone in the project that will enable this exciting development to be delivered.
“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.
“Work began recently on the new Nottingham College and the castle refurbishment is now under way.
“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.
“It’s vital we progress as soon as possible to maximise the economic benefits and renewed interest in revitalising this area.”
The Broadmarsh Car Park development replaces the previous 1960s building, demolished earlier this year, and will provide a bright, safe and clean environment, offering:
- A 1,341 space car park with dedicated accessible spaces, parent and child spaces, electric car charging spaces and a taxi drop-off zone
- A modern bus station, delivering an improved passenger experience, better connected to the transport hub at Nottingham train station
- Retail units in Carrington Street, Collin Street and along the concourse area fronting onto the bus station
The new building will also feature rooftop solar panels providing a sustainable energy source, and digital information screens.
Planning approval was granted in February, and part of the funding has been secured from the Government through the D2N2 Local Enterprise partnership.
In total, developments in the wider Broadmarsh area – the car park, bus station, shopping centre, college and castle – represent a £250m investment, and are expected to create 3,000 jobs, £10b GVA uplift over ten years, and attract around three million new visitors every year.
The car park development alone is forecast to create more than 100 jobs and generate almost £3m a year for the Nottingham economy. It is expected that construction will commence later this year.