Old London Underground Company

Old London Underground Company

The Old London Underground Company is a British startup company proposing to turn 26 disused stations on the London Underground into tourist attractions. The company was founded in 2009 by Ajit Chambers, a former executive of JPMorgan Chase. Chambers is currently writing a report at the request of the Mayor of London regarding the Legacy Project.[1] The idea is similar to (but not inspired by) Xiuli Hawken, ranked 61st in the Sunday Times rich list, who converted air-raid shelters in China into underground shopping centres.[2]

The proposal will see disused underground tunnels and shafts, and above-ground buildings where they exist, converted to restaurants, cafes, bars, nightclubs, gyms and other commercial operations. Historically significant portions of stations will become galleries or museums. Chambers has spent two years building the company around a custom made financial methodology for the credit crunch which has lead him to meeting requests from a big four bank and two middle east investment organisations to fund the project in its entirety. [2]

Contents

Proposed development sites

See also

References

  1. ^ a b c Spillane, Chris (8 September 2011). "London Entrepreneur Sees Gold Mine in Unused Subway Stations". Bloomberg. http://www.bloomberg.com/news/2011-09-08/london-entrepreneur-sees-a-gold-mine-in-developing-unused-subway-stations.html. Retrieved 9 September 2011. 
  2. ^ a b c Cameron, Sue (3 August 2011). "Bid to bring Boris aboard ghost train". Financial Times. http://www.ft.com/cms/s/0/9d75b39c-bd61-11e0-89fb-00144feabdc0.html#axzz1XQznGLjD. Retrieved 9 September 2011. 

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