Today it has been reported that developers have presented a £500m plan to build another ‘major shopping area’ and housing in the centre of Birmingham on the site of the wholesale markets.
The timescale for the final relocation of the markets varies considerably: the BBC report says the wholesale market was due to move in 2016, but the council’s projection in January last year was that the new market site would open in May 2015.
They will be housed in the Hub industrial estate (above), a few miles from the city centre and run by the city council and traders through a joint management company.
The Post reported that traders will be compensated for the loss of capital investment, such as large refrigeration units and relocation costs and the retail markets will get new storage facilities because their suppliers will be four miles away instead of a few yards.
Will assistance also be given to those retail traders who need to purchase a vehicle to convey produce from Witton into the city centre?