Tottenham's hopes
of moving to a new stadium met yet another obstacle after the last
occupying of land needed for the development appealed the Government's
Compulsory Purchase Order (CPO).
Archway Steel remains the last remaining land owner on the proposed site of the Northumberland Development Project, the heart of which is the plans for Tottenham's new stadium.
After the Secretary of State for communities and Local Government, Eric Pickles, confirmed the CPO, Archway decided to appeal the decision (more specifically the process by which the decision was reached). Inevitably, the appeal was filed on the deadline for appeals.
70 businesses relocated
The club has already successfully relocated seventy businesses from the proposed site and despite negotiating with Archway for over seven years, no settlement has been reached.
This has led to the club having to postpone the 2017/18 moving in date into their new stadium, much to the frustration of fans, and may lead to the club seeking a temporary move away from north London to complete building work at the most optimal cost.
The decision to seek a temporary one will upset the fan base but may be a necessity to end this long running saga.
Positive news
On the positive side, the club did announce they have appointed financial institution Rothschild to help with financing and construction costs.
This is a significant step as the club ramps up their activities to secure the funding needed to build the new stadium, along with the club shop, museum, hotel and housing.
Archway Steel remains the last remaining land owner on the proposed site of the Northumberland Development Project, the heart of which is the plans for Tottenham's new stadium.
After the Secretary of State for communities and Local Government, Eric Pickles, confirmed the CPO, Archway decided to appeal the decision (more specifically the process by which the decision was reached). Inevitably, the appeal was filed on the deadline for appeals.
70 businesses relocated
The club has already successfully relocated seventy businesses from the proposed site and despite negotiating with Archway for over seven years, no settlement has been reached.
This has led to the club having to postpone the 2017/18 moving in date into their new stadium, much to the frustration of fans, and may lead to the club seeking a temporary move away from north London to complete building work at the most optimal cost.
The decision to seek a temporary one will upset the fan base but may be a necessity to end this long running saga.
Positive news
On the positive side, the club did announce they have appointed financial institution Rothschild to help with financing and construction costs.
This is a significant step as the club ramps up their activities to secure the funding needed to build the new stadium, along with the club shop, museum, hotel and housing.
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