Could Shady Walk be registered as a Town Green?

I found a bit of information on registering a village or town green which could block the development of the "Open Green Space" which the Town Council Conservatives said "WE WILL" protect to become mainly a car park.

By trying to register Shady Walk as a Town Green, this would slow down the development. By getting Shady Walk designated as a Town Green this would save the "Open Green Space" for the future. It would also cause problems for the developers as the car park is integral to the development.

Though whether this would actually stop a cinema complex is another argument.