Cabot Circus - Inner City Redevelopment

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Where is Cabot Circus?
Bristol city centre
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Why was the area redeveloped?
The Broadmead site still had post war retail units and the area needed a more cosmopolitan look.
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How did the scheme aim to redevelop the area?
Re route and connect roads in the city centre, create a high quality retail space
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When did the redevelopment start?
2005, took three years
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How much did the redevelopment cost?
£500 million
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What does BID stand for?
Business Improvement District
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What does a BID mean?
During redevelopment, businesses had to give 1.5% of their value to contribute to the new space. This gives retailers some say in how the money is spent.
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6 months after opening, what was the vacancy rate?
8%
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What was successful about the first sixth months of trading?
Retailers who had done poorly nationally had done well in Bristol
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How many people had visited the new development a year after opening
20 million
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What did retailed criticise about the new retail space?
It lacked flow and therefor some spaces were not visited by customers
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What did Cabot Circus do to encourage visitors in 2009?
reduce car park cost from £2.50 to £1.
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What issue did this cause?
Became a popular place for 'cheap' shopping. Places like Primark were most successful?
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In 2011, what was the vacancy rate in Cabot Circus compared to the national rate?
3%, compared to 11%
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By how much did footfall increase in Cabot Circus in 2011?
0.4% (nationally there was a fall of 1%)
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in 2014, how much money was invested into the area?
£400 million
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Bristol city centre was in the top ten what in the uk?
To ten retail spaces in terms of spending
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By 2014 what was now established in Bristol?
A new 'shopping quarter'
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Other cards in this set

Card 2

Front

Why was the area redeveloped?

Back

The Broadmead site still had post war retail units and the area needed a more cosmopolitan look.

Card 3

Front

How did the scheme aim to redevelop the area?

Back

Preview of the front of card 3

Card 4

Front

When did the redevelopment start?

Back

Preview of the front of card 4

Card 5

Front

How much did the redevelopment cost?

Back

Preview of the front of card 5
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