According to section 6.3 of
http://www.towerhamlets.gov.uk/data/...ing-report.pdf
the proposal to close Wapping station is just a cost saving measure, and if
they can't find a way of retaining it under the current safety regulations
they could build a replacement on LU owned land just N of its existing
location.

Firstly, is this true?
Secondly, is that the reason why LU owns that land?
Thirdly, why isn't the plan to retain the station better publicised?