Developer English Partnerships are to begin discussions with potential contractors for the job after new development plans for the area - to be known as the Lime Street Gateway - were approved by Liverpool City Council on Tuesday.
The first stage of the works will involve removing the shops and Concourse House tower that mask the station’s listed Victorian gable end. This area will be turned into a new public realm.
The final tenants relocated from their shop fronts earlier this month, allowing internal survey work to start.
Once this has been completed a “soft strip” will begin, including the removal of all materials and asbestos, from the shops and 13-storey office block.
Demolition work will start in July and is expected to be finished by January, 2009.
Chief executive of Liverpool Vision - the urban regeneration company for Liverpool City Centre and a partner in the project - Jim Gill said: “We have shared the frustration of local people over the delays to our plans to remove what has been an eyesore for many years.
“But we have been absolutely determined that this hugely important gateway would be improved, and we are delighted that city councillors have approved the new plans.”
The public space, which is scheduled for completion in 2010, will include new landscaping and improved pedestrian access to and from the station and the city’s cultural quarter.