"City Hall has advertised for a chief executive of the Oxford Street Development Corporation, a mayoral quango that expects to be granted planning and money-raising powers on January 1 next year to lead the transformation of the UK's most famous high street. The mayor is also seeking a chairman of the development corporation on a salary of 30,000. A total of 50 staff are expected to be hired 10 are already in place with a 150m budget earmarked for the initial changes to the street."
"It's worth reminding ourselves that Oxford Street isn't just a local asset or a regional asset, it's a national asset. Those businesses work incredibly hard to generate wealth and prosperity but they have had to deal with a road that has been in decline for some time. So we do need to get the right expertise in terms of the board and the chief executive,"
City Hall is recruiting a chief executive for the Oxford Street Development Corporation, a mayoral quango expected to gain planning and money-raising powers on January 1. The mayor is also seeking a chairman on a £30,000 salary. Fifty staff will be hired, with ten already in place, and £150m earmarked for initial changes to the street. Candidates will face due diligence checks, including social media history. Responsibility for the street is being transferred from Westminster council to Transport for London, and Camden council will lose control of a small area around Tottenham Court Road. The mayor aims to make Oxford Street a destination to rival major international shopping streets.
Read at www.standard.co.uk
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