Oxford Street Set for Major Transformation with Improved Footways, Greening, and Seating
- Westminster Council approves £90m Oxford Street revamp
- First phase of design work granted £7.7m funding
- Construction expected to start in Autumn 2024
- Improved footways, greening and seating planned along the entire 1.8km length from Marble Arch to Tottenham Court Road
- Redesigned junctions at Oxford Circus for more pedestrian space
- 12 new controlled pedestrian crossings and improvements at 45 existing crossing points
- Collaboration between Westminster City Council and New West End Company
- Plans aim to make Oxford Street a prime visitor attraction and sustainable growth hub
Westminster City Council has approved a £90 million revitalization plan for Oxford Street, focusing on improved footways, green spaces, and seating along the entire 1.8km stretch from Marble Arch to Tottenham Court Road. The first phase of design work will receive £7.7 million in funding, with construction set to begin in Autumn 2024. Redesigned junctions at Oxford Circus will create more space for pedestrians, and 12 new controlled crossings will be installed, along with improvements at 45 existing crossing points. The council and New West End Company aim to make Oxford Street a prime visitor attraction and sustainable growth hub through collaboration and ambitious mixed-use developments.
Factuality Level: 8
Factuality Justification: The article provides accurate information about Westminster City Council’s approval for the £90m Oxford Street overhaul and the Memorandum of Understanding agreement between WCC and NWEC. It also details the plans for the project, including improvements to footways, greening, seating, pedestrian crossings, and collaboration with local communities. The quotes from Cllr Geoff Barraclough and Dee Corsi add credibility to the report.
Noise Level: 3
Noise Justification: The article provides relevant information about the approval of the £90m Oxford Street overhaul project and its key features, as well as quotes from relevant parties involved in the project. It also mentions the collaboration between Westminster City Council and New West End Company. However, it lacks any critical analysis or exploration of potential issues or consequences that may arise from the project.
Financial Relevance: Yes
Financial Markets Impacted: The construction project may impact local property and retail companies in the area.
Financial Rating Justification: The article discusses a £90m overhaul of Oxford Street, which will affect various businesses along the street including retail, restaurant, and hotel owners. This can have financial implications for these companies as well as potential impacts on the surrounding real estate market.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: No extreme event mentioned in the article
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