On The South Bank, It's All Changing...Except For The Magnificent View

On the Thames, with a superb view of St. Paul's Cathedral, is a huge old power station. For more than 15 years, it has sat derelict on the river's shabby southern bank. But now, $210 million is transforming it into Britain's leading modern-art museum--a branch of the Tate Gallery. Meanwhile, nearly next door, the $50 million thatched replica of William Shakespeare's 16th century Globe Theater has just opened. And not far upriver, the Oxo Tower Restaurant, with its northerly vistas, has been luring a glitzy crowd since opening last autumn.

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