Redevelopment
Major improvements continue to regenerate the city centre. The Phoenix Initiative, which was designed by MJP Architects, reached the final shortlist for the 2004 RIBA Stirling Prize and has now won a total of 16 separate awards. It was published in the book 'Phoenix : Architecture/Art/Regeneration' in 2004. Further major developments are potentially afoot, particularly the Swanswell Project, which is intended to deepen Swanswell Pool and link it to Coventry Canal Basin, coupled with the creation of an urban marina and a wide Parisian-style boulevard. A possible second phase of the Phoenix Initiative is also in the offing, although both of these plans are still on the drawing-board. On 16 December 2007, IKEA's first city centre store in the UK was opened, in Coventry.
The River Sherbourne runs under Coventry's city centre; the river was paved over during the rebuilding after World War II and is not commonly known. When the new rebuild of Coventry city centre takes place 2009 onwards, it is planned that river will be re-opened, and a river walk way will be placed along side it in parts of the city centre. In April 2012, the pedestrianisation of Broadgate Square was completed.
Read more about this topic: Coventry