Camden Council has given Argent the final go-ahead for its giant regeneration scheme at King's Cross Central station
Last night, the council’s development control committee approved the section 106 agreement and all legal terms and consent. The council’s decision clears the way for Argent to begin its 64.5 acre (26.1 ha) redevelopment of the brownfield site.
The council originally resolved to grant planning permission in March and agreed heads of terms. Council members asked to see the full details of the agreement before final permission was granted, and while councils are not legally obliged to consult on the drafting of section 106 agreements, it was decided to involve the local community.
The scheme will generate around 25,000 jobs, 1,700 homes and include a wide range of community, sports and education facilities.
Counsellor Keith Moffitt, leader of Camden Council, said: ‘We’ve taken another step towards the regeneration of King’s Cross and strong negotiations have secured a good range of benefits including jobs, housing and community and leisure facilities.
'We will now be working hard together with local people, partners and the developers to meet the challenges ahead, and make sure that the redevelopment strengthens our local community in every way.’