In message
, at
23:01:01 on Fri, 2 Dec 2011, 77002 remarked:
I've not been following this buthttp://www.bettertransport.org.uk/blogs/roads/011211-london-crossings
reports that the Mayor and Chancellor said that the Government would
support the scheme to extend the Northern Line, but it transpires all
the Government actually agreed to do was to ‘consider’ allowing the
Mayor to borrow against future tax receipts to support the scheme,
subject to a commitment by a developer to develop the site and make
the agreed contributions. Within three days Battersea Power Station's
owners went into administration.

I'm not sure how this affects plans?

I am not sure in its present form, the extension is good use of
taxpayer funds.

It's a bit chicken and egg. The "tax" in question is developer
contributions to local infrastructure. And if the developments stall
because the tube line is regarded as necessary to make them successful,
the funds don't exist anyway.
--
Roland Perry