The bridge has been sold as a new public right of way by Johnson. In reality it is anything but. TfL’s business case suggests that just 0.03% of all those using the bridge will be people making new trips. The rest will be either tourists or others already on the Southbank.
So who will benefit from this bridge? Well according to the business plan, the biggest benefit of the bridge will be to “residential property values”. Incredibly, they estimate that the bridge will raise local property values by an estimated £84 million.
So excellent news for the tiny number of wealthy property owners in central London. Not so good news for the millions of people struggling to afford the cost of their monthly travelcard to work.