The Mayor of London Sadiq Khan has launched a formal review of the organisation charged with regenerating Old Oak in West London.
The Mayor has called the review of the Old Oak and Park Royal Development Corporation (OPDC) to ensure Londoners reap the maximum benefits of the huge regeneration opportunity in this part of the capital.
The review will also scrutinise the terms of a Memorandum of Understanding agreed in March this year that paves the way for OPDC to take ownership from Government of public land surrounding the proposed new station.
Deputy Mayor for Housing, James Murray said:
“Old Oak and Park Royal is one of the most important regeneration projects in London with scope to deliver tens of thousands of new homes and jobs.
“This review will take a detailed look at past decisions made by Boris Johnson and the future direction of the Development Corporation. We are particularly keen to hear from industry experts who can help us ensure that this scheme delivers maximum value for Londoners.”
Sadiq Khan wants to be reassured about the nature of the offer and is concerned about how much money it will cost to make the land viable for development, potentially impacting on the amount of genuinely affordable homes the scheme would deliver for Londoners.
The Mayor also believes that Boris Johnson may have rushed into this deal without doing the due diligence checks that would be expected, particularly regarding existing land ownerships and other technical planning requirements.
The review will work to ensure that the views of residents of those boroughs are reflected in any future decisions and also consider the funding required for infrastructure at Old Oak Common to ensure development there is properly integrated with surrounding communities and that residential development delivers a mix of genuinely affordable housing types.
It is expected that the review will be complete within two months.