London Borough of Southwark has adopted the planning framework for the regeneration of Elephant and Castle.
The document sets out a timetable and possible funding model for changes to the northern roundabout, and remodelling of the Northern Line tube station.
A meeting of the council heard that the public sector will pay £140 million for the works and recoup up to £50 million from developers.
Sourced from London-se1.co.uk
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"We've already surpassed one degree of global warming," said Kristen Buida, manager of the London Climate Change Partnership.