I remember going to a meeting about this in 1997. The council at the time were promising "visible change within 3 years". It seems incredible now after all this time. Everything continually seems to be stalled. Part of it is due to TFL not wanting to slow traffic down on its way through the roundabout. But why has the Oakmayne development on New Kent Rd not started after the rush to get the industrial estate demolished? And the buildings to replace the London Park Hotel?
its the GFC...global financial crisis thats to blame. tried to get a mortgage recently? multiply that by thousands and you can see the extent to which money has dried up...the E&C regen is no longer a priority i'm afraid
We have a thread on this subject..(E&C Regeneration) so you can see how we've all been on this case for years and years...yes, incompetence, indecision, rotating Council personnel, TFL, all these are part of the equation. The GFC has been the perfect excuse for now, but as you rightly say, the faffing around and ridiculous power games are to be blamed.