Battersea Power Station: Out of the frying pan into the fire

Dec 19 2011 Published by under Battersea Power Station

The horror story continues…

Nightmare on Nine Elm Street

The abysmal Vinoly plans for Battersea Power Station that we had all hoped were finally dead and buried with the collapse of previous owners REO has come back to haunt all who care about the beautiful building and the quality of life for all those living in its shadow and the surrounding area.

Just when you thought it was safe Architect Viñoly has been hired as “creative brain” behind developer Mike Hussey’s plan for a new stadium for Chelsea football club. AAAHHHHHHGGGGG……

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REO collapses into administration

Dec 19 2011 Published by under Battersea Power Station

Real Estate Opportunities has been put into administration by a UK judge after its owners failed to repay debts of £501m owed to Lloyds Banking Group and Ireland’s National Management Asset Agency (NAMA).

Administrators Ernst & Young have taken control of the Grade II listed red-brick building and will now either sell the site or the debt to recover the amount owed. The creditors initially called in the loans on 29 November and REO was inviting offers for its controlling stake in the site soon after.

Lloyds told the Guardian: “From the outset we have been determined to secure a buyer who will kickstart the regeneration of Battersea Power Station and we have done everything possible to give the owners both the time and financial support to achieve this.”


“However, after several months of discussions and still no acceptable offers on the table, administration is the only means we have to ensure that a sales process is put back on track. Without a financially stable owner, the site’s future remains unclear and that’s a situation we want to avoid.”

Keith Garner of the Battersea Power Station Community Group, which opposed the Irish company’s plans, called for the power station to be returned to the public sector, with repairs to be funded by the Heritage Lottery Fund.

The group said on its blog: “For the Battersea Power Station Community Group it is just another ‘new beginning’ as the fourth developer limps off stage to boos and jeers.”

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Olympian battle to get London’s transport fit for the Games…

Oct 06 2011 Published by under Olympics 2012, Olympics 2012 Transport

A guaranteed budget of £6.5bn has been set aside to get London’s transport network up to speed in time for the Olympic Games next year. Thanks to the Games, this budget is also protected during present austerity measures.

With an estimated eight million visitors expected in London during July and August 2012, Graham Stephens, the co-ordination manager for the Olympics for Transport for London said that transport was marked as a potential problem right from the start: “The first advisers for the London bid helped us a lot when they stressed right at the beginning of the process that transportation was a major issue.”

Speaking about the legacy, Stephens pointed out that the transport system after the Olympics will be “significantly reinvigorated.” In the meantime, Londoners continue to face delays and line closures while the transport system goes through its upgrade.

For the full article click here

 

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TFL Confirms Cable Car for 2012 Olympics

Jul 23 2010 Published by under Olympics 2012

Cable Car in Rio de Janeiro. Photo by Phil Whitehouse

Transport for London (TfL) has confirmed plans to open a cable car in time for 2012 Olympics, operating 50 metres above water between the Greenwich Peninsula and Royal Docks. The cable car is to transport up to 5,000 passengers (cyclists and pedestrians) per hour, between the two Olympic venues (the O2 arena and ExCel exhibition centre). The duration of the trip will be approximately 5 minutes one-way, cars running every 30 seconds. According to the Guardian, the system will be privately funded, costing £25 million provided by a number of potential operators.

London Mayor Boris Johnson claims that “A cable car spanning the majestic Thames would not only provide a unique and pioneering addition to London’s skyline, but also offer a serene and joyful journey across the river”. “Passengers will be able to drink in the truly spectacular views of the Olympic Park and iconic London landmarks whilst shaving valuable minutes from their travelling time”, he continues. Johnson believes that the cable car will provide a much-needed enhancement of cross-river options to the east of the city.

Former Labour Mayor Ken Livingstone does not object to the idea, as a cable car would be a development for the area. However, he states that “what is really needed is a road bridge that would carry more commuters.” The other alternative types of river crossing , according to professors of transport, are a rail-only bridge, a new river-ferry crossing, a walk and cycle-only bridge, and a car bridge adapted to take more public transport. The professors claim that a cable car would be the most sustainable of these. The question here, however, is whether a cable car is the most realistic option? Or is this an attempt to keep up with other major cities of the world?

Barcelona, Cologne, Hong Kong, Lisbon, New York and Singapore are amongst the cities
currently employing a cable car. Does TfL feel that London is lagging behind? After the Olympics, will the public want to use the cable car as an every-day mode of transport? Not only does it sound unrealistic to think that the public will choose to “take the cable car” to work, but the route (from one place in the middle of nowhere to another) seems extremely Olympics-centred. Will the cable car be purely used as a way to impress the masses of tourists organisers claim will visit London in 2012? (In fact most host cities experience a drop in tourism during the Olympics) Quoting Tfl analysts, it certainly seems so: “A cable car would bring excitement and iconic importance, which would generate interest in tourist visits.” Let’s go fly a kite.

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