Johnson launches Old Oak Common MDC consultation
by James Wood Wed 25th June 2014, 10:54 am
Mayor of London Boris Johnson has launched a consultation over the establishment of a mayoral development corporation (MDC) to lead the regeneration of Old Oak Common.
The proposals would see local authority control relinquished for the 950 hectares of land at Old Oak Common and Park Royal, which straddles the borders of Ealing, Brent and Hammersmith and Fulham.
The mayor’s plans include the creation of up to 24,000 homes and 55,000 jobs at the site, which is earmarked for a new Crossrail and High Speed 2 station by 2026. The mayor’s office has indicated that the regeneration scheme could be worth up to £6.2 billion to the London economy.
Businesses, residents, landowners and local authorities will be consulted on how the MDC can maximise opportunities at the site.
Johnson said: “The arrival of Crossrail and HS2 provides a once-in-a-lifetime chance to transform Old Oak Common and Park Royal into a brand new neighbourhood for west London. It is crucial that we get the views of local people so that we can reap the full benefits of this opportunity for local people and London as a whole.”