Although Chelsea

[taixyz1992]

Although Chelsea and Battersea had been linked by ferry since at least 1550,[5] the nearest fixed links between the two were Putney Bridge, 21⁄2 miles (4.0 km) upstream and opened in 1729,[9] and Westminster Bridge, 3 miles (4.8 km) downstream, opened in 1746.[10] In 1763 John, Earl Spencer, purchased the manor of Battersea,[5] and consequently acquired ownership of the ferry service between Chelsea and Battersea.[11]
The ferry was old and somewhat dangerous,[11] and in 1766 Spencer formed the Battersea Bridge Company and sought and obtained Parliamentary consent to build "a fine stone bridge" across the Thames.[5] The bridge was to be built between Cheyne Walk and Battersea, at the point where the river's course turns sharply east towards Westminster,[12] at a projected cost of £83,000 (about £10,609,000 as of 2011).[5][13] The Earl had anticipated that many local residents would invest in the project, but soon found that there was widespread scepticism about the scheme. Only 15 investors, including the Earl himself, were willing to invest,[14] and a total of only £17,662 (about £1,798,000 as of 2011) was raised, far less than was needed to finance the ambitious project.[13][15]


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