25. Using examples, discuss the extent to which regeneration and re-imaging of cities counteract the decline of urban in DCs
Flagship projects were implemented to bring physical, social and economic renewal to the Dockland areas via property led redevelopment. The Canary Wharfs were bought over in 1995 by private investors and there were office developments to encourage investments. The timing of the flagship projects are of utmost importance as the gradual recovery in the property market and continual rising demanding for high floor building improved the interest of the London Docklands. Several notable buildings were built and today the London Docklands houses the World Headquarters of Barclays in One Churchill place and World Headquarters of HSBC in 8 Canada Square. The development of the Dockland Light Railway and Jubilee Light Railway has also improved its attractiveness to investors due to its convenience.
By enhancing the London Docklands to business and investors, it was successfully rejuvenated. More than 600 ha of derelict land were reclaimed and 90 km of new roads built. Today, the London Docklands holds significant economic activities and more than 1 billion pounds of public sector investment and 8 billion pounds of private sector investment has been generated. 41,000 jobs have been created and total employment has doubled from 27,000 in