Thread: Battersea Northern Line extension now done with a loan?
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Old December 5th 12, 03:36 PM posted to uk.transport.london,misc.transport.urban-transit,uk.railway
Anthony Polson Anthony Polson is offline
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Default London Battersea Northern Line extension now done with a loan?
d wrote:
On Wed, 05 Dec 2012 15:09:58 +0000
Anthony Polson wrote:
I am bitterly disappointed that the extension of the Northern Line to
Battersea will be funded using taxpayers' money.

Why? There are other people living there already you know, it won't just be
for the new estate.


Apparently the new estate would be unviable without the Northern Line.
So the developers should pay, or at least make a significant
contribution. Not to do so suggests either that the development is
only marginally viable (I think we can probably discount that) or some
grubby deal has been done in which political representatives and/or
their party(ies) will benefit in some way.


developers to paying £1 billion for the extension of the Northern
Line, one has to wonder whether the outlay of taxpayers' money will
ever be recouped.

Has the money spent on the JLE been recouped? Or any tube line?


The developers of Canary Wharf made a very substantial contribution to
the cost of the JLE. I'd like to know why the Battersea developers
are not going to do that. The thing has a nasty stench about it.


How do you propose to measure it?


There is a huge variety of methods of valuing planning gain and
discounting it back to current values, then comparing it to the
capital costs to derive rates of return. Such calculations will be
relatively routine.

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