London’s Oxford Street is getting a £150m investment, despite plans to pedestrianise the street being refused.
Oxford Street was due to become fully pedestrianised this year, but Westminster Council scrapped the plans after residents weren’t very happy with the idea. However, it turns out the street and its surrounding areas will still be getting a £150m investment under a new proposal. (? by @jphipolito)
Developments will include a central piazza at Oxford Circus, and a new “gateway to the West End” at Marble Arch. The council have agreed to set aside £50m a year for the next three years in order to fund the new development.
The new plans, although creating more pedestrian-friendly areas, would still allow for two-way traffic along the central London street. The plans have also promised to include the introduction of more 20mph speed limits, and the banning of any commercial vehicles that aren’t zero-emission. After all, addressing issues such as poor air quality, congestion, crowding and safety, as well as the introduction of the Elizabeth Line, which is estimated to bring a further 1.5 million people to the district every year, is “of paramount importance”.
The overall aim of the development is “to strengthen the world-renowned status of the entire Oxford Street District; to ensure it will be a great place to live, work and visit and; to secure its long-term future.”
Read the full report here.