Gothicform is correct that it is the 17-storey monstrous "Great Western" Tower that will be pulled down, along with the bingo hall, dis-used bus station, Hogg Robinson office as well as Garrad St car park.
I went to the exhibition and was told that Mr Madejski (Reading FC chairman and all-round Mr Reading - currently building a new school in the troubled Whitley area) was absolutely determined that the development would go ahead. It will be built in phases starting nearest the station with commerical space, spreading west and becoming more residential. A 500-seat community arts venue is also on the plans. The target date for demolition to begin is "within 2 years".
But as people rightly point out, Reading has had a track record of false starts. However, Mr Mad has a good record: the stadium is an excellent and well-planned facility, he was instrumental in the A33 relief road and, as I mention, his self-titled academy in a troubled suburb is under construction. And with the much-delayed Chatham Place scheme finally under construction it does seem that this scheme has a good chance of success, but whether the time scales become a reality remains to be seen. A very position exhibition though, and a very exciting development