Page last updated at 11:35 GMT, Wednesday, 4 June 2008 12:35 UK

City development faces new delays

Derby's old bus station
The demolition of the old station sparked protests

Part of Derby's long-delayed city-centre Riverlights project has again been put back due to uncertain economic conditions.

The 100m scheme includes a new bus station and hotels but the developer wants to delay indefinitely plans for offices and residential space.

Turmoil in the global financial markets has made investment more difficult, developer Derby Riverlights Ltd said.

City councillors have agreed in order to allow the bus station to go ahead.

The developers and city council have said the bus station is still due to open in September 2009.

The redevelopment of the bus station and the associated Riverlights scheme have been on the drawing board for more than a decade.

Long wait

The old bus station was closed in October 2005 after months of protest by some local residents who wanted to preserve the Art Deco building.

It was eventually demolished in 2006, leaving bus passengers using stops on the main road.

City council leader Hilary Jones said: "We need a bus station and we have been waiting for one for a very long time.

"I think the people of Derby have had enough and we owe it to them to get it moving."


SEE ALSO
Bus station project to start soon
18 Mar 08 |  Derbyshire
Bus station demolition underway
30 Jun 06 |  Derbyshire
City regeneration 'back on track'
29 Mar 06 |  Derbyshire
Development's future in 'limbo'
07 Jan 06 |  Derbyshire

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