Wolverhampton Summer Row development dropped by council

Shops and leisure facilities formed part of the Summer Row development

Plans for a £300m shopping and entertainment centre in Wolverhampton have been dropped by the council.

A department store, 85 other shops, a cinema, leisure facilities, an underground car park and new homes were part of the Summer Row development.

But councillors decided at a meeting on Wednesday evening that the financial risks were too great.

A spokesman for the Labour-run council said the development had "regrettably been a victim of the credit crunch".

The developer, Multi UK, said it was disappointed at the decision but was sympathetic with the council's viewpoint.