Latest from Sunderland Council -
We will continue to pursue the re-development of the above ground element of Sunderland Railway Station to enhance its appearance as a main gateway into the city. This will be undertaken in partnership with Nexus and Network Rail, with a view to works commencing during 2015/2016. Key activity during 2013/2014 will include site investigation works and the procurement of the construction work.
It better be impressive if it's going to take so long to get started!
I'd still prefer to have seen an integrated bus/metro/rail interchange on a part of the Holmeside Triangle though - (replacing Sunderland and Park Lane metro stations).
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RE: Sunderland Area Developments - St Mary's Way, Vaux, New Wear Bridge etc