Londoners are being asked for their views on plans for Mayor Boris Johnson to take over responsibility for the future regeneration of Old Oak Common and Park Royal.
Mr Johnson is planning to create a new Mayoral Development Corporation (MDC) which would allow him to cut through red tape and direct regeneration efforts in the area.
Up to 24,000 new homes and more than 55,000 jobs could be created as part of a scheme which City Hall estimates could be worth up to £6.2 billion to the city’s economy.
The catalyst for the project is the construction of a new High Speed 2 (HS2) and Crossrail Station at Old Oak by 2026 which is expected to handle 250,000 passengers a day.
A “significant” leaflet drop in the area is planned and local residents, businesses and landowners are being urged to take part in a public consultation.
Mayor Johnson said: “The arrival of Crossrail and HS2 provides a once-in-a-lifetime chance to transform Old Oak Common and Park Royal into a brand new neighbourhood for West London.
“It is crucial that we get the views of local people so that we can reap the full benefits of this opportunity for local people and London as a whole.”
The consultation will run until September 24, 2014 and can be accessed via the Transport for London website.