- 8 updates
Mayor Boris Johnson has been taking a look at how the regeneration of Elephant and Castle will progress.
The area is undergoing a 15-year renovation project, which will see three thousand new homes being built, with community facilities and central London's largest new park for 70 years.
But there are questions over whether enough of the development is affordable to ordinary Londoners.
Luke Hanrahan reports:
Cabinet Member for Regeneration at Southwark Council Fiona Colley has told ITV London that although there are not many affordable houses as part of a regeneration strategy at Elephant and Castle, there are "many other benefits".
Local residents from Elephant and Castle have said the £3 billion regeneration project in the area set up the London Mayor was "pushing out families" and was "not taking local people into consideration".
London Mayor Boris Johnson has told ITV London that he was very "pleased" that a £3 billion regeneration project at Elephant and Castle in Southwork is finally underway, adding that money had been invested into the local transport infrastructure.
The regeneration of Elephant and Castle will include the creation of a hundreds of new homes and jobs, the London Mayor announced today.
Southwark Council has posted this video on how residents are expecting to benefit from the changes:
The leader of Southwark Council has said he is "delighted" over the regeneration of Elephant and Castle, as the London Mayor launched the £3 billion transformation project today.
Councillor Peter John said:
The regeneration of Elephant and Castle will bring thousands of jobs and homes to this part of the capital, London Mayor Boris Johnson said, as the project officially kicked off today.
Mr Johnson added:
The Mayor of London has officially launched the start of construction at One the Elephant, a key part of the £3 billion transformation of the area.
The site will be home to a 37-storey residential tower containing 284 new homes, retail and business space as well as an adjacent four storey pavilion and park.