Saturday 30 June 2007 9.18pm
I don't advocate their bland building style etc. but without such companies some areas would never get regenerated. No one is forced to buy in one of their developments. Without such companies Elephant and Castle for example would stay the mess it is now. I don't suppose those residents who live in E&C or Deptford, and are luckily enough to have bought their property, will mind when their property prices rocket. It is like Starbucks
...we all love to hate them but secretly want one to open near us as it means that the area is "doing rather well".
How else are we to achieve the type of regeneration that we would all like to see in areas of south London ? Councils cannot afford it without putting up our taxes too much or going into partnership with private firms - who do unfortunately build bland properties that I would not like to live in. I do however prefer that to the kind of environments you find in some areas of Deptford....or are we all too cosy in lovely SE1 wondering what the latest restaurant is like or whether the new wine bar sells cider to know how other people have to live in other parts of London ?
If anyone has any better ideas then I am sure there are lots of councils who would appreciate the advice.