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Regrettably, the First World War disrupted development and
plans for a number of public buildings on the Broadway never
materialised.However, the 1920's witnessed Letchworth's reemergence,
and between 1924 and 1926 alone, fifty new shops were opened.The
most comprehensive development was a covered shopping mall,The
Arcade, which linked the town centre's two major streets,
Station Road and Leys Avenue.
Post-1945, the success of First Garden City Ltd in generating
profits from the Estate, which were ploughed back into the
town, made Letchworth Garden City a highly attractive target
for property speculators.This resulted in a hostile takeover
bid in the late 1950s and early 1960s led by Amy Rose and
Hotel York Ltd. To protect the town, a Private Members' Bill,
the result of a massive public outcry by local residents,
was promoted in Parliament. The Bill was passed in Parliament
and Letchworth Garden City Corporation, a public sector organisation,
was given the responsibility of safeguarding, managing
and developing the Garden City Estate. In 1995, the Corporation
was wound up and its Estate and responsibilities were passed
to a new organisation, Letchworth Garden City Heritage Foundation,
an Industrial and Provident Society with charity status. Today,
one hundred years after the birth of Letchworth, the Foundation,
in keeping with the principles of First Garden City Ltd continues
to reinvest all surpluses back into the Garden City.
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