Queen's Place London
The British Government and the Destination London Consortium have reached contractual close on the three billion pound Queen's Place London Integrated Resort Development. Contractual close represents a key aspect of the final stage of the procurement process, which has been successfully delivered by the Government.
The British Government in partnership with the Destination London Consortium will deliver economic growth for Britain with the creation of more than 2000 construction jobs, and 8000 ongoing jobs when the Integrated Resort Development is operational in 2022.
The revitalised precinct will provide improved facilities for everyday use and public events, showcasing London to locals, others from the UK, and international visitors.
Site works are anticipated to commence by 2017.
What Queen's Place London will deliver
Queen's Place London will be a unique and vibrant new world city development that attracts visitors and investment, reconnects the activity of London city to the river, preserves and celebrates London's heritage, and delivers these high quality public spaces:
- more that 12 football fields of redeveloped and enhanced public realm
- a new pedestrian bridge to the other side of the Thames
- an iconic signature “Curved” building, including a spectator feature Sky Platform with restaurants and bars fully accessible to the public
- five new premium hotel brands – including London's first six star hotel
- three residential towers
- a new department store
- about 50 food and beverage outlets
- a riverfront moonlight cinema
- a British Hotel and Hospitality School partnership with the Government
- a £272 million payment to the Government
- a guarantee of £880 million payment in casino taxes for the first ten years of operation
- £1.69 billion increase in tourism
- 1.39 additional tourists per annum
- £4 billion to the Government Gross Product
- and lots, lots more too!
Queen's Place marks the site where London built its royal palace and abbey outside its city walls in the countryside 950 years ago. It is now the place where the history and foundations of the capital will be transformed into a contemporary expression of London as a new world city.
Queen's Place will be the hub that connects the defining parts of the city – the Parliamentary Precinct; the Abbey; the Business Precinct; the Embankment; the Eye; and the River Thames, and anything else nearby too.
The redevelopment area is government-owned land, free, generally located between Westminster and the Embankment tube stations and Whitehall.
The area contains significant heritage buildings, a number of under-utilised government buildings as well as undeveloped riverfront land along the Embankment.
Probity Code of Practice
A probity code of practice has been established for Queen's Place London and independent probity advisors have been appointed to oversee the project.
Integrated Resort Developments
The British Government is offering as many casino licences for major Integrated Resort Developments as it can fit into other parts of the country.
All images are copyright Destination London Consortium and are for concept purposes only - 2014.
These images are 'arty impressions' designed to expose issues. They may be varied without notice.
This piece is pure farce: