Jubilee Square plans submitted to Leicester City Council
The finalised plans for a £4 million public square have been submitted.
City mayor Sir Peter Soulsby wants to create a plaza in St Nicholas Place, replacing a car park and park-and-ride bus terminal.
Sir Peter said the square would be an attractive area in the historic heart of the city, near the cathedral and where the Roman forum stood.
Opponents said the loss of the 47-space car park would have a harmful effect on shops, bars, cafes and restaurants in the area.
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The mayor has repeatedly said he intended to find replacement parking in the vicinity, but no provision has been included in the plans submitted to Leicester City Council planning officers.
"We are in discussions with neighbouring landowners and car park operators and I am confident we will be able to come up with some parking," Sir Peter said.
"There is a very significant amount of parking on the site of the former Southgates bus station so it is not as immediate an issue as it may have been, though that site will eventually come forward for redevelopment."
The council has bid for cash from the European Regional Development Fund (ERDF) to partially pay for the scheme.
Sir Peter said the authority had not yet heard if the bid had been successful.
However, he said: "I am very confident that a significant proportion of the funding will come from ERDF."
Sir Peter said previous consultations on the designs of the square had resulted in generally positive comments, but he acknowledged concerns about the cost of the scheme and the loss of parking.
He said: "Now the application is in, there is a further opportunity to raise those concerns.
"The planners will have to look at it with a professional eye and disregard the fact that it is an application from the council."
One business owner in The Lanes area, who did not want to be named, said: "I think it's an awful idea because the loss of that car park will kill my business and many others.
"I don't know what Peter Soulsby's obsession with creating squares is, but it looks like this will happen.
"I'd be amazed if the planners say anything other than 'go ahead'."
Under the scheme, there would be an area where an ice rink or Ferris wheel could be placed or in which markets and festivals could be held.
The council's planning committee is likely to discuss the Jubilee Square plans in early April.
Anyone wishing to comment on the scheme should do so by contacting the council before March 5.