The Isle of Dogs becomes an Enterprise Zone which offered tax allowances to both investors and developers. The enterprise zone designation had a 10 year life cycle.
G Ware Travelstead proposed building a 10 million sq. ft office complex on Canary Wharf. G Ware Travelstead was unable to fund his scheme and it was taken over by North American developers Olympia & York.
Following detailed negotiations with Olympia & York Canary Wharf Ltd., the Private Bill for the extension to Bank on the Docklands Light Railway was deposited, receiving Royal Assent in Nov. 1986. The extension opened in 1991.