Tottenham Hotspur Football Club has today welcomed cash incentives from Haringey council and City Hall, which will allow the club to commit to N17.
The council has now outlined how it will spend an £18m Greater London Authority funding package. Some £8.5m will go towards the proposed stadium redevelopment project and to improve access to Tottenham Hale station.
In addition, the council has pledged £9m towards new and improved public spaces.
Spurs chairman Daniel Levy said: “We have long said we could only invest in the area if we could see our commitment supported by others and that there was a real need to maximise the regeneration benefits and lift the wider area.”
He added: “We therefore see this as a commitment from the public sector to the Tottenham area and one which strengthens our ability to deliver a new stadium scheme with the potential to kick-start the long-term regeneration of North Tottenham.”
The club has submitted plans for a £400m redevelopment of the White Hart Lane area, comprising a new stadium, 285 homes, as well as retail, office and leisure space.
Haringey council leader Claire Kober said: “We are investing in the regeneration of Tottenham and supporting Spurs’ Northumberland development project because we know that together we can significantly improve the area and attract investment for a successful and sustainable future.”
As part of the club’s and the council’s commitment to work together, both parties have entered into a memorandum of understanding that sets out the intentions of each to support delivery of the scheme.
joanna.bourke@estatesgazette.com
