At an estimated cost of £1.29m, the Castle Square development will be the first phase of the redevelopment of Stranraer town centre and significantly change the flow of traffic, with Castle Street and George Street both being narrowed in a bid to be more pedestrian friendly. By January 2010, work on the streets around the town centre was complete, with the streets around the Castle of St John re-paved and re-profiled. The Castle Square was formally unveiled in March 2011 and has so far hosted a range of activities, including music and family events.