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#12
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#13
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In message , at 11:25:01
on Thu, 1 Dec 2011, remarked: any successful venture on the site would almost certainly be predicated on the construction of a tube line, which would cost hundreds of millions of pounds." Maybe it turned out that too much of that cost would be laid on the developer? I thought the tube line was to be financed by other Nine Elms area developments? If you have the details, do tell. -- Roland Perry |
#14
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In article ,
wrote: In article , (Roland Perry) wrote: In message , at 14:45:09 on Thu, 1 Dec 2011, Recliner remarked: any successful venture on the site would almost certainly be predicated on the construction of a tube line, which would cost hundreds of millions of pounds." Maybe it turned out that too much of that cost would be laid on the developer? I thought the tube line was to be financed by other Nine Elms area developments? I don't think there's much chance of a contribution from the new US Embassy :-( Nick -- Serendipity: http://www.leverton.org/blosxom (last update 29th March 2010) "The Internet, a sort of ersatz counterfeit of real life" -- Janet Street-Porter, BBC2, 19th March 1996 |
#15
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In message , at 21:07:24 on Thu, 1 Dec 2011,
Nick Leverton remarked: any successful venture on the site would almost certainly be predicated on the construction of a tube line, which would cost hundreds of millions of pounds." Maybe it turned out that too much of that cost would be laid on the developer? I thought the tube line was to be financed by other Nine Elms area developments? I don't think there's much chance of a contribution from the new US Embassy :-( Boris was reported to be looking for £2.5m from the Embassy project, which is small change and neither here nor there in the grand scheme of things. On the other hand, the Battersea Power Station project is supposed to be grossing £5.5bn, which is almost 20x the loan they are currently floundering with. -- Roland Perry |
#16
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In article ,
Roland Perry wrote: In message , at 21:07:24 on Thu, 1 Dec 2011, Nick Leverton remarked: any successful venture on the site would almost certainly be predicated on the construction of a tube line, which would cost hundreds of millions of pounds." Maybe it turned out that too much of that cost would be laid on the developer? I thought the tube line was to be financed by other Nine Elms area developments? I don't think there's much chance of a contribution from the new US Embassy :-( Boris was reported to be looking for £2.5m from the Embassy project, which is small change and neither here nor there in the grand scheme of things. On the other hand, the Battersea Power Station project is supposed to be grossing £5.5bn, which is almost 20x the loan they are currently floundering with. A lot of business ideas suppose that they can gross a lot of money, and a lot of them fail to meet their goals. Of more interest, if anyone knows, would be what contribution the project was actually expected to make to the Northern Line Battersea extension. Nick -- Serendipity: http://www.leverton.org/blosxom (last update 29th March 2010) "The Internet, a sort of ersatz counterfeit of real life" -- Janet Street-Porter, BBC2, 19th March 1996 |
#17
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In article , (Nick Leverton)
wrote: In article , wrote: In article , (Roland Perry) wrote: In message , at 14:45:09 on Thu, 1 Dec 2011, Recliner remarked: any successful venture on the site would almost certainly be predicated on the construction of a tube line, which would cost hundreds of millions of pounds." Maybe it turned out that too much of that cost would be laid on the developer? I thought the tube line was to be financed by other Nine Elms area developments? I don't think there's much chance of a contribution from the new US Embassy :-( Have you been along Nine Elms Lane recently? It's a true "empire on which the concrete never sets", as my father used to dub the South Bank. -- Colin Rosenstiel |
#18
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In message , at 21:35:25 on Thu, 1 Dec 2011,
Nick Leverton remarked: Boris was reported to be looking for £2.5m from the Embassy project, which is small change and neither here nor there in the grand scheme of things. On the other hand, the Battersea Power Station project is supposed to be grossing £5.5bn, which is almost 20x the loan they are currently floundering with. A lot of business ideas suppose that they can gross a lot of money, and a lot of them fail to meet their goals. Of more interest, if anyone knows, would be what contribution the project was actually expected to make to the Northern Line Battersea extension. The power station developer was the "sponsor and manager" for the extension. http://www.northernlineextension.com...ess_report_no_ 1_final.pdf There are some interesting maps, eg p8. The price depends on the route and I presume it's the £459m one. They seem to have gone for the highest density development scenario on page 10, but it's possible (if this was also the announcement of the choice of route) that the developer could only have paid for the cheaper route option, more on cash-flow than cost/benefit grounds. ps A third of the debt that was called in this week is money still owed to the previous site owners who sold to REO in 2006. -- Roland Perry |
#19
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![]() http://lurs.org.uk/meetings.htm Tuesday 13th December 2011: Treasury Holdings has ambitious plans to redevelop the Battersea Power Station site and to see the Northern Line extended from Kennington to Battersea in order to serve the area. Northern Line Extension Project Manager, Tony Whitehead will be joined by Jon Kirkup from London Underground to explain the processes involved. |
#20
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On Thu, 01 Dec 2011 19:53:11 +0000
Paul Corfield wrote: I'm still bemused as to why a tube line is needed when miles of railway on 3 key TOCs passes right by the site. Can't a proper rail interchange be constructed for far less cost than a tube line? I imagine given the choice most people would prefer to get a tube direct into central london than have to get a mainline train and change at victoria or waterloo. Imagine you're standing at Vauxhall and want to get to the west end - do you hop on a victoria line to oxford circus or wait 20 mins for a mainline train to go a mile to victoria then get on it? Its a no brainer. B2003 |
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