Urban development Coorporations Flashcards
What is an a example of Urban Development Corporation?
The London Docklands Development Corporation
When was the London Docklands project founded/
July 1981
Where is the London Docklands?
An 8.5 square miles are included in Southwark, Tower Hamlet and Newham
What was the redevlopment done in response to?
The area’s decline due to the progressive course of the docks from the increase in ship size meaning that couldn’t come far enough up the river
What problems were caused by the decline?
Reduction of employment and in the population of the area as people chose to leave
What percentage of housing was rented?
95%
What was the MAJOR problem with the scheme?
Increased wealth of the area was pushing original residents out as they could no longer afford cost of houses of cost of living
Which group of people were forced out of the area?
Old dockers, due to their lack of skills
How was the scheme successful?
Improving the environment, making it more appealing for people to live and visit, bringing in money
How much money was invested from the public sector?
£399 million
How much money was invested from the private sector?
£8770 million
How long did the project take to complete?
17 years
How much derelict land was reclaimed?
1884 acres
How many conservation sites were created?
17
How many new trees were planted?
2000 to add greenery and reduce CO2 levels
How many acres of land were sold to redevelop?
1066
How many new businesses are now trading in the area?
2700
How many new jobs were created in the financial centre?
23,000
By how much has employment in the area increased?
It has tripled
How much has the overall population increased by?
45,000
How many new homes were built?
24,046
How has public transport improved?
The Docklands light railway was built to cope with the number of commuters
How many people does the Docklands light railway serve?
35,000
