Rotherhithe and Canada Docks are some of London’s fastest-changing areas and, over the next few decades, Southwark Council will need to strike the right balance between change and continuity. The controversy at South Dock Marina is its chance to show that balance can be struck.
Nobody doubts that change is on the horizon. Just a stone’s throw away from the marina, British Land is pressing ahead with its £5.6 billion Canada Water Master Plan which will bring thousands of people, homes and jobs to the area.
Understandably, Southwark Council seems to want to redevelop the Marina in a way that matches the shiny new towers going up across the water. In fact, the council has spoken explicitly about the need to bring commercial rates on the marina up to speed with prices across the borough.
While rent increases are inevitable as the area develops, the reported sixfold increase Southwark Council is imposing does seem too much. It’s a kick in the teeth for marine traders who have served Rotherhithe’s boats for years and also risks dissolving the established community of liveaboards moored at Greenland and South Dock.
Southwark Council, like all local authorities, is under huge financial pressure following years of government underinvestment. But we hope they can come back to the negotiating table, drop rents further, and thereby save a very unique, special community.