In 1974, most of the old property between Shudehill and Market Street was demolished to accommodate the new Arndale Shopping Centre. The Old Shambles was underpinned with a concrete raft and, according to the Greater Manchester County Records Office, jacked-up 4 feet 9 inches to fit in with this development in the newly created Shambles Square. In June 1996, an IRA bomb exploded in nearby Corporation Street and badly damaged many of the surrounding buildings, but the Old Shambles was protected by the concrete buildings around it and suffered only minimal damage. In 1998, £12m funding was provided by the government-sponsored Redevelopment Agency English Partnerships, private companies, the European Community and Manchester City Council to redevelop Shambles Square. The buildings were subsequently dismantled and moved 300 metres northwards to their present location, close to Manchester Cathedral in 1999. The Old Wellington Inn and Sinclair's were rebuilt at 90 degrees to each other and joined together by a stone extension to form two sides of the new Shambles Square.