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London Entrepreneur Sees Gold Mine in Unused Subway Stations

A former JPMorgan Chase & Co. executive aims to turn 26 unused London subway stations and bomb shelters into shops and tourist attractions after raising 200 million pounds ($319 million) from investors.

Ajit Chambers, chief executive officer of Old London Underground Co., met Mayor Boris Johnson yesterday to discuss the plan. Chambers agreed to provide more information on potential sites, costs and the work needed to convert the stations, according to an e-mail from Johnson’s office.