Why Public Transport Development Is Good For Everybody
This story from New Civil Engineer entitled Northern Line Extension Was Catalyst For Nine Elms Development should be read by everyone from the average guy on the Dalston Omnibus through politicians and those running businesses to property developers.
Like Kirkstall Forge, where the developers of the site are helping to fund the improvements, the development of the Northern Line Extension is substantially funded by the developers., so London gets the extension at a much lower cost.
I think we’ll see more deals like these in the next few years. London’s next big development of this type appears to be in fashionable Haringey to the around Tottenham Hale station. The link is to the Council web site and the says this.
Plans to create a new district centre at Tottenham Hale have moved forward after Haringey Council announced that it is working on a proposal to bring forward a joint venture (JV) to redevelop the area.
Discussions are ongoing to create a JV between the council and Hermes Real Estate and Argent which would see land joined together to create 2000 new homes and 400 new jobs.
The announcement follows news that Tottenham Hale has been designated a Housing Zone by the Mayor of London which will see £45m of public money invested in unlocking sites, paving the way with mixed-tenure homes, with up to 50% affordable, along with new transport links, new bridge access to Lee Valley Regional Park, new public spaces, shops and restaurants, and new employment opportunities.
Every Council in the country, should be pursuing schemes like these around rail stations, that enhance their towns and cities for both residents and visitors.
The Anonymous Widower 
[…] big development to create almost a new town centre in South Tottenham, which I talked about in this post. I doubt this development will not be built to be totally Crossrail 2 […]
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