In article ,
Roland Perry wrote:
In message , at 21:07:24 on Thu, 1 Dec 2011,
Nick Leverton remarked:
any successful venture on the site would almost certainly be predicated
on the construction of a tube line, which would cost hundreds of
millions of pounds."

Maybe it turned out that too much of that cost would be laid on the
developer?

I thought the tube line was to be financed by other Nine Elms area
developments?

I don't think there's much chance of a contribution from the new US Embassy :-(

Boris was reported to be looking for £2.5m from the Embassy project,
which is small change and neither here nor there in the grand scheme of
things.

On the other hand, the Battersea Power Station project is supposed to be
grossing £5.5bn, which is almost 20x the loan they are currently
floundering with.

A lot of business ideas suppose that they can gross a lot of money, and a
lot of them fail to meet their goals. Of more interest, if anyone knows,
would be what contribution the project was actually expected to make to
the Northern Line Battersea extension.

Nick
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