"Transport for London's interests in a controversial west London redevelopment plan illustrate the scheme's costly complexities"
|Link to The Guardian|
"What seems fairly plain is that TfL is in the handy position of having things that Earls Court developer Capco wants. And while it acknowledges a duty towards the opportunity area - TfL is, after all, part of the GLA group, and Boris Johnson chairs its board - it also needs to extract the best value it can from selling or leasing its land, given its own financial uncertainties. As a public body it needs to be seen to be doing that too.
Complicated, isn't it? Complicated in the way these big regeneration schemes tend to be. Complicated and costly too. Meanwhile, the events industry is up in arms about the threat to the Earls Court centre, and a large majority of residents of the two housing estates Capco and Hammersmith and Fulham want demolished would sooner be left alone. What a very messy business it all is.