I would also suggest that the residents claiming the road is "busy" are, for want of a better word, talking out of their arses. I've worked in traffic planning in recent times, and by county standards it's a backwater. Frankly, I don't think I've ever seen a more blatantly wrong claim of a route being "busy" in my life, and we had it a lot from "concerned residents" demanding bypasses and the like despite having no figures to back their pipedreams up. It's NIMBYism at its finest and most ridiculous.
It's not a busy route at all. Even Loughborough Central probably sees more traffic, and that's on a back-street to nowhere in particular.
The cynic in me would also suggest that the geriatric sods making spurious safety complaints won't live to see the station reopened in 10-20 years' time, and that will have nothing to do with the supposedly dangerous road they live beside. :roll:
The only real issue is parking, but that's a bridge to cross when we come to it. There's a possibility of buying some of the land adjacent to the houses south of the bridge, or otherwise the field at the north side of Birch Lea may be a potential site (though at current rates, it will probably have been built on by the time the GCR get around to feasibility work on reopening.)
Nottinghamshire County Council have been supportive of the GCRN and reunification project in the past and will no doubt continue to be so. I'm sure that, provided the funds were raised externally, they would be happy to organise the remodelling of the road below the bridge. The traffic volumes would mean that traffic lights and footpath widening would not be an issue in terms of journey delays, and similarly I don't believe there's enough footfall down there at present to threaten derailing the project on safety grounds anyway. Pun intended.
In fact, so low are the traffic volumes that I'm not convinced traffic lights would even be necessary - a priority system would work just fine with a single carriageway, with precedent for traffic heading into the town to minimise traffic disruption.
Also worth noting the small curb on the opposite side of the road, which could definitely be removed to increase carriageway width by another foot or so. It serves zero purpose.
EDIT - Should point out that the TWA Order process does not specifically force concessions to disabled access. If anything, it would give the railway the powers needed to alter the road layout accordingly subject to public consultation, which as I think I've pointed out would never find in the favour of the handful of old NIMBYs opposed to the reopening.
The legislation is available to read here - it hasn't changed in the 4 years since this guidance was published.