City Road Basin

About City Road Basin

The City Road Basin is an English canal basin and part of the Regent's Canal in London, owned by the Canal & River Trust. It opened in 1820, and made a large contributuion to the prosperity of the Regent's Canal. By the 1950s, its surroundings were largely derelict, but a programme of regeneration began in 2004, involving several large-scale residential developments, and public access to the basin was provided for the first time in 2009. The basin is used for canoeing by the Islington Boat Club. HistoryFollowing the completion of the Grand Junction Canal's branch to Paddington Basin in 1801, various plans to link it to the River Thames further to the east were suggested. A scheme to build a canal to the Thames at Limehouse was eventually agreed, and an Act of Parliament was obtained on 13 July 1812 to authorise the Regents Canal. The canal was opened from Paddington to Camden Town in 1816, and work on the Islington Tunnel had started, but the company was chronically short of money, as they had failed to raise the original capital, and the cost of construction was anticipated to be much more than the first estimate of £400, 000. A third Act of Parliament, (there had been a second one in 1813 to authorise the building of Cumberland Basin), increased the authorised capital to £600, 000, but the company had only raised £254, 100 of the original amount, and failed to raise any more.

City Road Basin Description

The City Road Basin is an English canal basin and part of the Regent's Canal in London, owned by the Canal & River Trust. It opened in 1820, and made a large contributuion to the prosperity of the Regent's Canal. By the 1950s, its surroundings were largely derelict, but a programme of regeneration began in 2004, involving several large-scale residential developments, and public access to the basin was provided for the first time in 2009. The basin is used for canoeing by the Islington Boat Club. HistoryFollowing the completion of the Grand Junction Canal's branch to Paddington Basin in 1801, various plans to link it to the River Thames further to the east were suggested. A scheme to build a canal to the Thames at Limehouse was eventually agreed, and an Act of Parliament was obtained on 13 July 1812 to authorise the Regents Canal. The canal was opened from Paddington to Camden Town in 1816, and work on the Islington Tunnel had started, but the company was chronically short of money, as they had failed to raise the original capital, and the cost of construction was anticipated to be much more than the first estimate of £400, 000. A third Act of Parliament, (there had been a second one in 1813 to authorise the building of Cumberland Basin), increased the authorised capital to £600, 000, but the company had only raised £254, 100 of the original amount, and failed to raise any more.

More about City Road Basin

City Road Basin is located at London, United Kingdom
http://canalrivertrust.org.uk/places-to-visit-pdf/Islington_City_Road_Basin.pdf