Old Oak Common is due to experience a massive redevelopment project and become a “superhub” within the Capital, with the construction of London’s first High Speed 2 and Crossrail service underway.
The area has previously been known for its old railway yards and the nearby Wormwood Scrubs prison, but the London Mayor hopes to change this. Boris Johnson plans to set up a Mayoral Development Corporation in the area, similar to those used to help improve the areas around Canary Wharf and the Olympic venues in previous years, cityam.com reports.
The Mayor plans to use the construction of the new transport links as a catalyst to provide over 80,000 homes and 20,000 new jobs in the area by 2025. City Hall intends to increase private sector investment in the area and is drawing up plans for the development corporation next month, during a meeting with Boris Johnson and those heading up the HS2 project.
Isabel Dedring, deputy mayor for transport, told standard.co.uk that if this regeneration project is done correctly, it could see Old Oak Common become the next King’s Cross in the North West of London.
Ms Dedring said: “By stripping the cost out of the HS2, we also risk stripping out the big increase in land values it can create, the very thing that can play a major role in funding the project.”