Caroline Pidgeon: A 30-year-old Londoner will be 90 by the time the Garden Bridge is paid off

Image: Heatherwick studios.

Caroline Pidgeon is a Liberal Democrat London Assembly Member.

Last year I wrote an article for A Folly For London’s website setting out my serious concerns about how the Garden Bridge had come about, and in particular some very concerning aspects of the procurement process relating to the awarding of the design contract.

Looking back at what I wrote, there is not a word that I expressed that I regret. Indeed, if anything my concerns have heightened over the last year.

Over the last 12 months there has been growing opposition to the bridge, as evidenced by opinion polls, but also anecdotally as witnessed by the packed public meeting organised by Thames Central Open Spaces on 17th May at St John’s Church at Waterloo (which you can watch here).

There have been extensive investigations, led of course by the indefatigable Architects’ Journal (£) but with some fine questioning also undertaken by the Guardian, Observer, LBC and other media outlets. A steady stream of freedom of information requests have been submitted to Transport for London and the Mayor’s office, from myself and others. In February the President of the Royal Institute of British Architects called for the project to be halted while the whole procurement process is fully scrutinised. London Assembly Members have continually asked numerous Mayoral Questions (although sadly not always answered) and the London Assembly Oversight Committee undertook an extensive inquiry, leading to a publication of ourreport in March 2016.

And of course there have been Mayor and London Assembly elections, leading to a new Mayor for London.

Yet while a great deal has taken place in the last year, sadly, one thing has not changed at all. Londoners are still stuck with a Mayor who is supportive of the Garden Bridge.

I am on record as welcoming many of the new Mayor’s decisions on a wide range of issues in his first few weeks in office, stretching from tackling air pollution to introducing a one-hour bus ticket. So I don’t say the following lightly: the actions of London’s new Mayor towards the Garden Bridge are highly regrettable and sadly misguided.

As a recap, the argument put forward by the new Mayor is that of the £60 million total of taxpayers pledged, £37.7 million had already been spent by the Garden Bridge Trust. The argument goes that if the project was now cancelled this amount would be lost in full with no benefit at all to Londoners or taxpayers.

Such a statement needs to be taken apart, examined and rebutted.

Firstly, it should be noted that the new Mayor is failing to recognise that the GLA is being asked to provide a permanent guarantee for the £3m annual maintenance costs of the bridge.

The Mayor’s decision to restrict the number of days (and the length of these days) that the bridge is closed for commercial events might seem a good idea, but in reality by constraining fundraising for the Garden Bridge Trust he is just helping to ensure that the annual bill for maintaining the Garden Bridge falls on the taxpayer. For anyone who hasn’t seen the naïve assumption in the proposed business plan by the Garden Bridge Trust I suggest looking at the excellent article by the investigative digital news magazine The PipeLine. It highlights that even before they were hindered by the new Mayor the fundraising targets of the Garden Bridge Trust were already highly speculative.

The new Mayor also overlooks how the Garden Bridge will repay any money to TfL. While technically the Garden Bridge Trust is committed to eventually repaying £20 million of the £30 million it has been given by TfL it is worth noting that the repayments only start five years after the bridge has been built and incredibly will be repaid over a further 50 years. The loan will be repaid with an interest of RPI, though is capped at and will never exceed 2 per cent – so let’s hope inflation never creeps up in the next fifty years. Quite frankly this is an incredibly subsidised loan that only has to be repaid over a painfully long period.

A Londoner currently in their 30s will either be dead or lucky to be a nonagenarian when the loan is finally repaid by the Garden Bridge Trust. Of course the risk of the Garden Bridge Trust simply defaulting in their repayments cannot be overlooked as well.

A further issue that needs to be addressed is why nearly all the expenditure so far on the proposed Garden Bridge has been from public funds.

Of course there are numerous other issues relating to the Garden Bridge that remain unresolved. A public infrastructure project is being financed by a Trust that allows many of its donors to remain anonymous. We should have serious questions about a project where already £43.75 million of privately raised money is expected to come from "confidential" or "anonymous" companies and donors.

In my view, a public body such as TfL simply shouldn’t be involved at all with a Trust that is so secretive over its funding arrangements.

If Sadiq Khan wishes to keep to his pledge to "run the most open and transparent administration London has ever seen", he should be telling the Garden Bridge Trust that it should truly open up its books and ensure that Londoners can really see who is behind a project that so many of them object to.

Looking back over the last year there are two further issues that become even clearer.


Firstly there is the issue of open space.

One of the most incredible claims about the Garden Bridge is that it is delivering a new open space for Londoners to enjoy. Leaving aside the obvious points that much treasured open space on the Southbank will be lost and that the bridge will be closed for 25 per cent of every day, it is worth noting just how little extra open space will be created.

The footprint of the proposed Garden Bridge is 8,000m², which is 2 acres. In contrast the Thames Tideway Tunnel is adding 3 acres – or 12,000m² – of additional open space to London as engineering shafts are landscaped and new pocket parks created on the banks of the Thames.

Quite incredibly a sewage tunnel running under the Thames will deliver more open space for Londoners than the proposed Garden Bridge.

A second issue that has become even clearer is the claim that the bridge will be providing a valuable transport link.

To pretend that a bridge in this location should be a priority is simply a deep insult to anyone east of Tower Bridge.

At present Canada Water (the last stop on the Jubilee Line before Canary Wharf) is now so crowded that there are signs up at the station deterring people from using it.

A real pedestrian and cycle bridge linking Rotherhithe to Canary Wharf truly is a transport project that is needed and should be prioritised by TfL. It would serve thousands of pedestrians and cyclists who wish to cross the Thames, but where there is at present a total absence of suitable crossings. It would also play a vital role in reducing overcrowding on the Jubilee Line. On every criteria of transport need it trumps the Garden Bridge.

It is regrettable that the last Mayor devoted so much of his time to lobbying and secretly fundraising for the Garden Bridge. There are so many other projects he could have backed which would have delivered real benefits for Londoners.

However even now it is not too late for London’s new Mayor to recognise the foolishness of Boris Johnson’s actions. He should not hesitate to do what is right.

This post originally appeared on A Bridge Too Far.

 
 
 
 

Coming soon: CityMetric will relaunch as City Monitor, a new publication dedicated to the future of cities

Coming soon!

Later this month, CityMetric will be relaunching with an entirely new look and identity, as well as an expanded editorial mission. We’ll become City Monitor, a name that reflects both a ramping up of our ambitions as well as our membership in a network of like-minded publications coming soon from New Statesman Media Group. We can’t wait to share the new website with you, but in the meantime, here’s what CityMetric readers should know about what to expect from this exciting transition.  

Regular CityMetric readers may have already noticed a few changes around here since the spring. CityMetric’s beloved founding editor, Jonn Elledge, has moved on to some new adventures, and a new team has formed to take the site into the future. It’s led by yours truly – I’m Sommer Mathis, the editor-in-chief of City Monitor. Hello!

My background includes having served as the founding editor of CityLab, editor-in-chief of Atlas Obscura, and editor-in-chief of DCist, a local news publication in the District of Columbia. I’ve been reporting on and writing about cities in one way or another for the past 15 years. To me, there is no more important story in the world right now than how cities are changing and adapting to an increasingly challenging global landscape. The majority of the world’s population lives in cities, and if we’re ever going to be able to tackle the most pressing issues currently facing our planet – the climate emergency, rising inequality, the Covid-19 pandemic ­­­– cities are going to have to lead the way.

That’s why City Monitor is going to be a global publication dedicated to the future of cities everywhere – not just in the UK (nor for that matter just in the US, where I live). Our mission will be to help our readers, many of whom are in leadership positions around the globe, navigate how cities are changing and discover what’s next in the world of urban policy. We’ll do that through original reporting, expert opinion and most crucially, a data-driven approach that emphasises evidence and rigorous analysis. We want to arm local decision-makers and those they work in concert with – whether that’s elected officials, bureaucratic leaders, policy advocates, neighbourhood activists, academics and researchers, entrepreneurs, or plain-old engaged citizens – with real insights and potential answers to tough problems. Subjects we’ll cover include transportation, infrastructure, housing, urban design, public safety, the environment, the economy, and much more.

The City Monitor team is made up of some of the most experienced urban policy journalists in the world. Our managing editor is Adam Sneed, also a CityLab alum where he served as a senior associate editor. Before that he was a technology reporter at Politico. Allison Arieff is City Monitor’s senior editor. She was previously editorial director of the urban planning and policy think tank SPUR, as well as a contributing columnist for The New York Times. Staff writer Jake Blumgart most recently covered development, housing, and politics for WHYY, the local public radio station in Philadelphia. And our data reporter is Alexandra Kanik, whose previous roles include data reporting for Louisville Public Media in Kentucky and PublicSource in Pittsburgh, Pennsylvania.

Our team will continue to grow in the coming weeks, and we’ll also be collaborating closely with our editorial colleagues across New Statesman Media Group. In fact, we’re launching a whole network of new publications this fall, covering topics such as the clean energy transition, foreign direct investment, technology, banks and more. Many of these sectors will frequently overlap with our cities coverage, and a key part of our plan is make the most of the expertise that all of these newsrooms combined will bring to bear on our journalism.

City Monitor will go live later this month. In the meantime, please visit citymonitor.ai to sign up for our forthcoming email newsletter.


As for CityMetric, some of its archives have already been moved over to the new website, and the rest will follow not long after. If you’re looking for a favourite piece from CityMetric’s past, for a time you’ll still be able to find it here, but before long the whole archive will move over to City Monitor.

On behalf of the City Monitor team, I’m thrilled to invite you to come along for the ride at our forthcoming digs. You can already follow City Monitor on LinkedIn, and on Twitter, sign up or keep following our existing account, which will switch over to our new name shortly. If you’re interested in learning more about the potential for a commercial partnership with City Monitor, please get in touch with our director of partnerships, Joe Maughan.

I want to thank and congratulate Jonn Elledge on a brilliant run. Everything we do from here on out will be building on the legacy of his work, and the community that he built here at CityMetric. Cheers, Jonn!

In the meantime, stay tuned, and thank you from all of us for being a loyal CityMetric reader. We couldn’t have done any of this without you.

Sommer Mathis is editor-in-chief of City Monitor.