The final nail in the coffin for the controversial Thomas Heatherwick-designed Garden Bridge has come today, as the trust behind the project announced its closure following lack of support by London mayor Sadiq Khan.
"The trust has had no choice but to take this decision because of lack of support for the project going forward from the mayor," said a statement from the trust.
It added the end of the project was a "sad day for London" and suggested the capital was no longer open to ambitious projects.
Earlier this year London mayor Sadiq Khan withdrew his support for the project, citing spiraling construction and maintenance costs as a risk to public money.
Khan's financial guarantees for the bridge's operation were a condition to its planning consent. The Garden Bridge Trust went on to explore and exhaust other funding options.
— Garden Bridge Trust (@TheGardenBridge) August 14, 2017
The trust's chairman Mervyn Davies has now written to Khan, Transport for London and the Department of Transport – which allocated public funds of at least £45 million to the project – to outline the trust's decision.
The letter from Davies reads:
A financial inquiry into the Garden Bridge found that the scheme, which started out with an estimated price tag of £60 million, would likely cost over £200 million. As a result, it determined that the taxpayer would be better off if the bridge were cancelled.
Khan withdrew his support for the bridge following the recommendations of the report, which also raised concerns about an unfair procurement system that favoured Heatherwick Studio and Arup for the job.
"Everyone on the GBT board gave their time and hearts unpaid to give London a free new garden and important public artery, and so many donors gave money without looking for anything back other than doing something good for London," said a statement from Thomas Heatherwick.
"Our cities need optimistic amazing people like this. And London needs new bridges and unexpected new public places," he added.
"The Garden Bridge has not found its right moment, but I hope one day it will and that London continues to be open to ideas that make life here better."
British designer Thomas Heatherwick first unveiled designs for the Garden Bridge in 2013. The plant-covered bridge, which was to span the River Thames between Temple and South Bank, was backed by former London mayor Boris Johnson and the actor Joanna Lumley.