On 26 September 2014, the Daily Echo newspaper reported on a developer's proposal to demolish the Bargate Centre building and replace it with a new street containing shops and flats. However this proposal remained on hold due to an impasse between the developer and the American investment consortium who owned the complex at the time. However, on 28 July 2015, it was revealed that the same consortium had gone into receivership and that a new company called Bargate Ltd has acquired control of the building. They were reported to be considering a mixed-use redevelopment of the land however these plans were at a very early stage. A public consultation on the future of the site began in September 2015 and a redevelopment plan was revealed on 19 May 2016.