Evening Standard: Lend Lease: "Eyesores to vanish in Elephant and Castle regeneration masterplan"

Link to web site

"Two of London’s least loved landmarks, the Elephant and Castle shopping centre and the Heygate Estate, are set to be reduced to rubble under a huge regeneration scheme.

"The first detailed plans of the long-awaited scheme will be revealed in an application expected to be lodged with Southwark council 'within weeks'.

"Australian developer Lend Lease says it is putting final touches to a £1.5 billion, 15-year masterplan for the Elephant and Castle area to create 2,800 homes, 5,000 jobs and central London’s biggest new park for 70 years."

[Is that for the years 2012-2082 then?
Or "first big park for 70 years"?
Burgess Park was announced in 1943.]