An outstanding post overnight on the Croydon Future website, which draws together the recent local developments on, well… development: from Emma Peters’ departure from the council, the cheap sale of Centrale, all through to the silence of the Laings.
Croydon Future writes:
“The Council’s target of attracting 20,000 new residents to central Croydon seems to be well on its way to becoming a reality.
“But will there be local jobs for these 20,000 new residents? The Centre for Cities assessment of Croydon’s problems is brutally frank. Despite Croydon’s excellent transport links, it suffers an image problem, a huge overhang of very old office space and relative economic decline compared to the rest of London. Croydon’s lack of economic vitality is evidenced by Stanhope/Schroders’ vehemence that it will only build new office space for pre-let tenants.
“Given what could be a subdued economic environment for at least the medium term, it seems unlikely that Croydon – with its poor image – will attract a significant inflow of new private sector tenants. But is there an opportunity to attract the public sector – as the Council asserts?”