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Evening Standard: "Elephant and Castle estate revamp ‘ripped off taxpayers’"

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"Critics of the £1.5 billion regeneration of Elephant and Castle claim secret documents prove local taxpayers have been 'ripped off'.

They spoke out after reading a confidential agreement between developer Lend Lease and Southwark council that was not redacted properly.

"They say the document reveals that the council spent £44 million on emptying the Heygate estate at the heart of the regeneration scheme — but will only receive £50 million from Lend Lease for the 22-acre site. Other costs to the council would leave it out of pocket."

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