The London Docklands Development Corporation (LDDC) was a quango agency set up by the UK Government in 1981 to regenerate the depressed Docklands area of east London. During its eighteen-year existence it was responsible for regenerating an area of 8.5 square miles (22 km2) in the London Boroughs of Newham, Tower Hamlets and Southwark. LDDC helped to create Canary Wharf, Surrey Quays shopping centre, London City Airport, ExCeL Exhibition Centre and the Docklands Light Railway, bringing more than 120,000 new jobs to the Docklands and making the area highly sought after for housing. Although initially fiercely resisted by local councils and residents, today it is generally regarded as having been a success and is now used as an exemplar of large-scale regeneration, although tensions between older and more recent residents remain.
Read more about London Docklands Development Corporation: Reason For Creation, Formation, Operation 1981-1994, Effects Outside London, Withdrawal 1994-1997
Famous quotes containing the words london, development and/or corporation:
“It doesn’t matter who you vote for, the government always gets in.”
—Graffiti. London (1970s)
“Information about child development enhances parents’ capacity to respond appropriately to their children. Informed parents are better equipped to problem-solve, more confident of their decisions, and more likely to respond sensitively to their children’s developmental needs.”
—L. P. Wandersman (20th century)
“It is truly enough said that a corporation has no conscience; but a corporation of conscientious men is a corporation with a conscience.”
—Henry David Thoreau (1817–1862)