Sir Sadiq Khan expressed strong optimism about securing funding from businesses to pedestrianize Oxford Street, highlighting a significant private sector appetite for investment in the project.
The project to pedestrianize Oxford Street is estimated to cost around £150 million, and while the mayor is confident of securing third-party funds, key questions remain unanswered.
Plans to take control of Oxford Street from Westminster Council and create a mayoral development corporation are expected to unfold, although the timeline for these changes remains unclear.
There is an essential need for consultation as part of the transition from council ownership to Transport for London (TfL) control, with funds allocated for future development work.
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