Dome Decade: The Regeneration

By Rob Virtue on January 11, 2010 5:15 PM |

O2 Dome.JPG

While the original Dome was much maligned it did mark the beginning of major private investment in the region.

Previously, the tongue of land had held another vast container - a gas holder believed to be the largest in the world on a massive gas works.

The legacy was acres of land that were contaminated to the point where reclamation costs were prohibitive.

The site stood derelict until it was singled out as a focal point of investment for the millennium.

Regeneration agency English Partnerships bought 300 acres of land on the peninsula and set about investing hundreds of millions in new homes, retail outlets and transport links, including roads.

The Greenwich Millennium Village saw new schools under construction and, in 1999, the North Greenwich Tube station was opened to service the Dome.

In 2004, three years before the Dome became The O2, Greenwich Council struck a deal for a second major tranche of redevelopment.

Funded with £4billion of private sector investment, it would see 10,000 new homes, 24,000 jobs and two new schools within the next 20 years.

At the end of last year Greenwich Council agreed to move to the Peninsula, leasing the top two floors of 6 Mitre Passage.

The initiative aims to market the region to companies in the run-up to the 2012 Olympics, which will see both gymnastics and basketball hosted at The O2.

Greenwich Council's leader Cllr Chris Roberts said: "Hosting the Olympics challenges host cities to take advantage of the potential economic boost and brings a number of opportunities which can only be realised by taking the initiative."

The Mitre Passage offices are the second to be built in the Peninsula's commercial district following the completion of 14 Pier Walk, now occupied by Transport for London.

Presently, £180million of construction work is being carried out on the commercial area, which is being developed by Land Lease and Quintain.

See also - The Past, The Transformation, Opening Night Doom and The Man Who Tried to Save it for more.