Sheffield’s biggest ever development project has been unveiled – a £1.5bn plan to transform the area around Midland station.
The hugely ambitious project would see the closure of Park Square roundabout and Sheaf Street – the dual carriageway that runs in front of the station – would swap places with the tram route that runs behind.
A huge, landscaped pedestrian bridge would link Park Hill with Howard Street and the multi-storey car park on Turner Street would be demolished and moved further away.
It would be replaced by an office block – one of up to 12 planned in the ‘Sheffield Valley’ zone, including four outside the station, employing up to 3,000 people.
Up to 1,000 homes – flats and houses – could also be built.
The total cost of the 20-year scheme is estimated at £1.5bn, dwarfing the £480m Heart of the City II development.
Mazher Iqbal, cabinet member for business and development, said the plan was to maximise the economic potential of the area and make the most of HS2.
“This is the biggest, most ambitious and most expensive development project Sheffield has seen.
“This is about making the most of HS2 and Northern Powerhouse Rail and unlocking private sector development to bring in businesses and jobs.
“It will transform the Sheaf Valley and visitors’ arrival at the station, join Park HIll with the city, connect the station with Heart of the City II and create an entire new quarter for Sheffield.”
The new tram route would run from Fitzalan Square, along Pond Street, stop outside the station and continue along Suffolk Road to Granville Square.
The bus station on Pond Street would be reduced in size to make room for the tram tracks and offices on stilts potentially built on top.
Park Square roundabout and Sheaf Street would become a park and link into the Grey to Green scheme at Victoria Quays, Castlegate and West Bar.
Coun Iqbal said the council would co-ordinate the project. Funding could come from several organisations including the city council, HS2, SYPTE, Transport for the North, Network Rail, Sheffield City Region and the Department for Transport. But the bulk of the costs – up to £1bn – would be from the private sector, which would build the offices, restaurants, bars and potentially a hotel.