The Tyne and Wear Development Corporation (TWDC) was established in 1987 to develop land on the banks of the River Tyne and the River Wear in England. Its flagship developments included the regeneration of the East Quayside in Newcastle, Royal Quays in North Tyneside and St Peter's in Sunderland. During its lifetime 10,700,000 square feet (990,000 m2) of non-housing development and 4,550 housing units were built. Around 33,707 new jobs were created and some £1,115m of private finance was leveraged in. Circa 1,287 acres (521 ha) of derelict land was reclaimed and 24 miles (39 km) of new road and footpaths put in place. The Chairman was Sir Paul Nicholson and the Chief Executive was Alastair Balls. It was dissolved in 1998.
The legacy of TWDC remains controversial within the region in particular in Sunderland where it is believed the investment in services and leisure opportunities in Newcastle where the corporation was based was not matched in the rest of the region. The Corporation also invested heavily in developing the Tyne and Wear Metro system although this did not get extended to Sunderland until after the Corporation was shut down.
Famous quotes containing the words wear, development and/or corporation:
“My wife never quite forgets to put flowers in vases,
Bizarre prints in the most unusual places,
Give teas for poets, wear odoriferous furs.
An awful blooming is hers.”
—Gwendolyn Brooks (b. 1917)
“The man, or the boy, in his development is psychologically deterred from incorporating serving characteristics by an easily observable fact: there are already people around who are clearly meant to serve and they are girls and women. To perform the activities these people are doing is to risk being, and being thought of, and thinking of oneself, as a woman. This has been made a terrifying prospect and has been made to constitute a major threat to masculine identity.”
—Jean Baker Miller (20th century)
“What I am anxious to do is to get the best bill possible with the least amount of friction.... I wish to avoid [splitting our party]. I shall do all in my power to retain the corporation tax as it is now and also force a reduction of the [tariff] schedules. It is only when all other efforts fail that I’ll resort to headlines and force the people into this fight.”
—William Howard Taft (1857–1930)