A plan to build a bridge covered with trees and shrubs across the River Thames has lost the essential support of the mayor of London.
Hodge, a former chair of the Public Accounts Committee, said it would be better for the taxpayer to accept the financial loss of cancelling the project rather than risk going ahead.
"The Garden Bridge Trust was set up at the request of Transport for London and the Department of Transport to deliver the project which had received public money", he said.
The author of the review, the Labour lawmaker Margaret Hodge, said that the costs for the project had spiraled beyond initial estimates and that there was a large funding gap that needed to be filled.
"I have always been clear that not a penny more of taxpayers' money should be allocated to the project".
Johnson and Osborne committed £60m of public money to the scheme, with the rest to be raised from sponsorship donations.
"Under the previous mayor, a considerable amount of London taxpayers' money has already been spent on the Garden Bridge", Khan said.
Sadiq Khan has refused to provide guarantees for the costly plans because it would leave taxpayers in the capital at risk of higher bills.
"I'd also like to pay tribute to campaigners from the local community around the South Bank who have fought tirelessly against this bridge, and to the investigative journalism of the Architects' Journal". It leaves open the question of what the mayor will do about the rigged Transport for London contests that led to the appointments of Heatherwick Studio and Arup and the spending of millions of pounds of taxpayers' money on these consultants.
More than £37million of public money has already been spent on the project.
So, though the Bridge itself is not sunk as a project, the Trust has around six months to find the remaining cash to build the project. As the agreements governing the public sector contribution are in the public domain, I do not see that Dame Margaret's review could reach a different conclusion'.
"We have had enormous support from our funders and are very confident we can raise the remaining funds required", said Trust chairman Mervyn Davies.
Back in 2015 when he was running for office, Khan described Heatherwick and Lumley's dream project as "another of Boris Johnson's white elephant projects" and expressed deep concern about the AJ's findings on its procurement. "Our message to him is that this report, with its many errors and ill-informed opinions, is no basis upon which to take decisions about a project that has been through the complex democratic processes by which decisions on development are made in this city".