Urban Rebranding: London Docklands Flashcards
What was the Urban Development Corporation involved in rebranding the London Docklands
London Docklands Development Corporation
From when did the LDDC exist?
1981-1998
What did the LDDC hope to create
virtuous cycle
more money circulating in local economy
In the 1970s what was the position of the London Docklands?
largest docklands in the UK
What did the last of London’s docks close?
1981
Why did London’s docks close?
competition
increase in ship size meant requirement of deep water
From 1978 how many jobs lost within 5yrs in the docklands?
12,000
By 1981 what % of the docklands were derelict?
1981
Why was the docklands not immediately attractive to investors?
thought regeneration costs were too high
What incentives were given to private companies?
financial incentives
tax breaks on any new building w planning permission before 1991
How much investment was generated in the public sector
$1.85 billion +
How much investment generated in the private sector
£7.7billion
Example of private sector investment
Tesco invests at Surrey Quays
How did the LDDC develop sustainably?
maximum redevelopment of brownfield sites before greenfield
2,000 acres of land reclaimed
Flagship projects and skyscrapers built, including
Canary Wharf