We just received more evidence to support the flawed nature of the BPS scheme. The US Congress is withdrawing the money for developing the US embassy, according to a detail contained in the latest bipartisan budget deal. And even more good news: the decision could also affect Boris Johnson’s plan for the Northern Line Extension. As reported on the Financial Times and Buzzfeed. This will seriously affect the Nine Elms Battersea opportunity area.
The enormous glass cube which was about to become the US embassy is currently being built on the south side of the Thames in central London. It was seen as key to spurring the redevelopment of the Nine Elms area of the capital and led to talk of a new “embassy quarter”, with the Netherlands and China also considering plans to move their diplomatic missions to the same area. Transport for London documents state that the “first major contributor” to the enterprise zone “is expected to be the US Embassy”.
Together with the news that the development officer at the Battersea Power Station Development Company is leaving the project in May. Looks like Peak Power Station has been reached and is already downsizing.
Alistair Shaw, who joined the Battersea development team in February 2013, handed his notice in before Christmas and will leave in May to pursue other development interests in the West End and central London. Shaw previously worked as the head of retail development at Stanhope on projects including Hereford town centre, which is due for completion later this year.
A revised planning application for Battersea Power Station has been submitted and will be heard in April, while a reserved matters planning application for the high street element of the scheme is expected to be submitted in April.
Seems like some positive changes are finally happening.