Portsmouth Tricorn Centre £500m development 'set to be axed'

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Tricorn CentreImage source, Centros
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The former Tricorn Centre area of Portsmouth was due to be regenerated with shops, a leisure hub and housing

A plan for a £500m re-development of Portsmouth's northern quarter is set to be axed, according to the city council.

The former Tricorn Centre area of Portsmouth was due to be regenerated with shops, a leisure hub and housing.

However, Portsmouth City Council said there was no longer a "suitable structure" in place to deliver the development.

The authority said the entire city centre would be "re-examined for future growth opportunities".

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