King’s Cross is now ‘vital piece’ of London economy after regeneration, concludes study paid for by developers
- 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.
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
You may also want to watch:
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.”
- 1 Largest beer garden in North London being built for Euro 2020
- 2 Rise in London Covid rates, but people aged 25-30 can book vaccine
- 3 Man injured in Hornsey Rise shooting
- 4 Phone snatcher admits guilt after robberies in Islington, Hackney and Tower Hamlets
- 5 Islington shooting victim named
- 6 Man in hospital with potentially 'life-changing' injuries following stabbing
- 7 Missing: Highgate woman known to frequent Camden and Islington areas
- 8 Manor Gardens Welfare Trust CEO awarded British Empire Medal
- 9 Robert Rinder awarded MBE for his work on Holocaust education
- 10 Changes made to St Peter's LTN after Packington Estate used as rat run
Has the regeneration of King’s Cross been good for Islington? Email our opinion section at firstname.lastname@example.org