Following Intu's financial collapse resulting in administration during 2020,[1] the council have undertaken public consultations to find an acceptable outcome for eventual redevelopment, including the former multi-storey car park and bus station.

[18] Their 2002 development brief called for a development that "respects the urban grain of the City Centre, with clear streets and urban blocks of buildings to provide for legibility, separate identity and future flexibility" with a clear north–south route linking Nottingham's Old Market Square and railway station, stating, "This route must take the form of a pedestrianised public street.

[25] The new owners wished to start an already planned development of the Victoria Centre, but Nottingham City Council insisted that Broadmarsh must be their "priority" and offered £50 million towards its redevelopment.

Despite a relaxation of rules allowing construction projects to continue, contractors failed to return to the site in May 2020,[32] with equipment and scaffolding being removed in June 2020, and the public right of way though the centre being closed by Intu citing safety concerns.

[36] As of October 2021, the site remained only partly demolished due to Nottingham City Council's bid to obtain extra government funding.

[6][5] A new pedestrian covered walkway was created through the demolition site, linking the rail station area to the city centre, allowing for future clearance of the remaining 1970s structure.

[40] The concept, headed by designer Thomas Heatherwick, allows for retention of some structural remains of the centre, as a framework and basis for extensive soft landscaping, provisionally entitled The Frame.

[43][44] In October 2021, it was announced that the new multi-storey car park with 1,200 spaces, 90 motorcycle bays and 81 electric charge points was finished with anticipated opening on 1 November.

Nottingham City Council were obligated to finish the car park project, although they had reservations about usage as the shopping centre rebuild was not undertaken, it was hoped the nearby College and Castle would offset the loss of shoppers.

[45][46][47][48] The central library originally located at Angel Row off the city centre was closed during the COVID-19 restrictions, with re-opening abandoned due to difficulties in making a COVID-safe environment.

[57] A dedicated skating area using a special smooth treatment to the surfacing was created under the elevated section of the tram lines, as part of the street scene regeneration.

[58][59][60] The traffic flow around the old Broadmarsh centre was altered in September 2020, as part of the overall scheme to create a "pedestrian-friendly" area stretching to the City Hub, with a bus-only lane being implemented.

In March 2022, responding to a Freedom of Information request, it was confirmed that automatic cameras had instigated fines totalling over £965,000, allocated to Nottingham City Council.

[65] The council confirmed in February 2022 that it had placed a maintenance contract with the supplier of the ANPR camera system covering the city, at a cost £187,000 for the period of October 2021 to the end of September 2022.

It was created by the sculptor Rachel Carter and the black-led local group Legacy Makers, and followed a project which explored the stories of workers at Darley Abbey Mill.