There is no doubt in my mind that the ELLX will probably be full from
day one as a result of considerable repressed local demand and that
the area from Shoreditch High Street to the City will be rapidly
developed. I noted on my last bendy bus ride that the approaches to
Liverpool Street, equidistant from SHS and Liverpool Street,are
already being covered next to the Broadgate Centre.My colleagues in
the City expect a proposal to build the encasing structures , on the
Bishopsgate site, around Shoreditch High Street's protective cocoon to
emerge within the next twelve months. I am not surprised at the DfT's
concern about revenue extraction being subordinated to their
obligations to avoid PIXC, or more generally to promote, with other
Government Departments, the regeneration of economically depressed
areas. These are, after all, the guys who claim loss of fuel duty as
reason for not improving the rail network, irrespective of the
environmental impact. The tone of their correspondence with London
Travel Watch shows that however hard they try they can't avoid bowing
to the little yellow god that is their inner short term
accountant.