Published Tuesday 31 July 2012
"Barnet Council has announced a series of new measures to
support the regeneration of Colindale in the west of the borough.
"The regeneration of Colindale will see 10,000 new homes built in the area
over the next 15 years. The area is one of Barnet`s priority regeneration
areas.
"The Barnet Council total investment of up to £10m, which will go ahead when
matched by Genesis Homes and the government`s Housing and Community Agency, will
be split between improving the “public realm” in Colindale and underwriting 400
new homes in the next phase of the redevelopment of Grahame Park.
" 'Public realm' improvements will support development along Colindale Avenue
and Grahame Park Way, by widening and redesigning part of Colindale Avenue to
improve the pedestrian route through Grahame Park Way, down to Colindale Tube
Station.
"A land swap is proposed with Barnet College, making land available for a
potential new primary school and building a new college building and public
library within the development at Lanacre Avenue.
Councillor Richard Cornelius, Leader of the council said:
"This council is
determined to keep the rebuilding of this estate on track. Completion of this
phase will make the area more attractive and help the private sector sell other
new properties in Colindale.
"We can help get people on the housing ladder by using the council`s
borrowing power to give impetus to the scheme whilst retaining the security of
bricks and mortar to secure the reimbursement of tax payers money.
The council
will also make a return on the investment and boost the local job market.”