King’s Cross is now ‘vital piece’ of London economy after regeneration, concludes study paid for by developers
King's Cross before and after redevelopment. Pictures: Google Earth - Credit: Archant
King’s Cross was once a hotspot for crack cocaine and prostitution – now an independent study (albeit one commissioned by a developer) has concluded that flattening and rebuilding it has been good for the area.
An independent study has claimed King's Cross is now a 'vital piece of the London economy' following its regeneration. Picture: John Sturrock - Credit: Archant
Redevelopment of land behind the station began a decade ago. It’s now a haven for offices and chain shops and restaurants.
The study, by Regeneris, was commissioned by Argent, one of the two companies behind the redevelopment.
Regeneris said the project has helped create 10,000 jobs and £600million for the economy per year.
Move the slider below to see how the area has changed over the last 18 years
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Chris Paddock, Regeneris director, gushed: “King’s Cross is now a vital piece of the London economy.
“Thousands of new workers and residents living on the site, not to mention the millions of visitors every year, have created enormous local economic value. Not just through spending and job creation, but additional council tax and business rates.”
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Has the regeneration of King’s Cross been good for Islington? Email our opinion section at gazette.letters@archant.co.uk
An independent study has claimed King's Cross is now a 'vital piece of the London economy' following its regeneration. Picture: John Sturrock - Credit: Archant
