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What type of major business investments will be announced for Oxford Street by December 31, 2024?
2
Resolution / Starting Odds
Retail stores • 25%
Restaurants and cafes • 25%
Entertainment venues • 25%
Other • 25%
Announcements from major businesses or investment reports
Story
Sadiq Khan Announces Government-Backed Plan to Pedestrianize Oxford Street
Sep 17, 2024, 06:39 AM
London Mayor Sadiq Khan has announced plans to pedestrianize Oxford Street, one of the city's most iconic shopping areas. The initiative, which has received approval from the new government, aims to ban traffic from the busy thoroughfare to revive its fortunes and improve the visitor experience. The plan is part of a broader effort to transform Oxford Street into one of the finest public spaces in the world, boosting business, jobs, and growth in the area. The pedestrianization is expected to enhance safety, reduce air pollution, and attract more visitors and investment. Despite some opposition, the plan has been hailed as a necessary step to rejuvenate the area, which sees about half a million daily visitors and has suffered in recent years.
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