Emma Cons is a small square of open space opposite The Old Vic, and named after its founder. This space could be regarded as the centre of Waterloo and has a strong visual and psychological importance. It was rundown for many years and there was considerable debate about what to do with it. Up until a few years ago it was a place where street drinkers gathered to light fires to keep warm during the winter.  This contributed to its rundown appearance, which made it appear unsafe.

Open space is an emotive issue among the residential community in Waterloo. The space is situated at a major road intersection with potential transport interests involved. The problems in the area have caused businesses surrounding the space to suffer.

emma cons plan1 Waterloo Quarter Business Alliance, formerly Circle Waterloo, has acted as the catalyst to change this. In partnership with The Old Vic, Putting Down Roots (a locally based project to help the homeless get back into work) and Lambeth Council, the area has been considerably improved. The gardens have been transformed due to the installation of decorative lights in the trees. The hard landscaping has been turned into a clean, open and accessible space. Putting Down Roots are re-landscaping and maintaining the beds with shrubs and plants.

At Christmas 2005, Emma Cons was the venue for Waterloo's Christmas event celebrating the Christmas lights that WQBA funded with Lambeth Council. Planned by many local organisations as well as WQBA, this occasion was a great success.  Kevin Spacey and The Archbishop of Canterbury, Dr Rowan Williams turned on the lights, causing much media interest.