A monument to the poet Ebenezer Elliott was erected on the same site in 1854 and was moved to Weston Park in 1875, where it can still be seen.
Many buildings in the vicinity of the Market Place were damaged or destroyed on the night of 12 December 1940, when German aircraft bombed Sheffield.
In 1968 many old streets were cleared to make way for the new Arundel Gate, a dual carriageway road that terminated at a large roundabout built on the former market place.
[1] Although considered by many to be a major city landmark, like many constructions of its time, it did not age well and was very dilapidated by the early 1990s.
In 1994, as part of the works for the construction of Sheffield's new Supertram network, the underground portion of the Hole in the Road was filled in.