Tottenham Hotspur’s New Stadium Comes At The Cost Of Local North London Businesses

Tottenham Hotspur’s hopes of building a new 58,000 capacity stadium in London have been given a major boost after the government approved a compulsory purchase order allowing building work to begin.

The club has been clearing space around White Hart Lane for the past two years and this announcement means that Spurs can finally start work on the project.

Tottenham has stated that the club will be able to move into the new stadium by 2017.

A statement from Spurs’ website reads: “The Club is pleased to announce that the Department for Communities and Local Government (DCLG) has confirmed the Compulsory Purchase Order made by Haringey Council in respect of the remaining land required for the Northumberland Development Project. This is a very significant step in the CPO process.”

Spurs’ owner Daniel Levy has previously stated,

“Our current 36,000 seater stadium sells out and the waiting list for season ticket holders is currently in excess of 47,000.

“We cannot stress strongly enough how critical the new stadium is over the long-term to these raised expectations.

“We have the smallest capacity stadium of any club in the top 20 clubs in Europe, let alone the current top four Premier League clubs, and given we now operate within UEFA Financial Fair Play rules, an increased capacity stadium and associated revenues is fundamental to supporting the future ambitions and consistent achievement at the top of the game.

“The new stadium is a landmark project, of importance not just for our club, but to the regeneration of an area which has been our home for more than 132 years and to London as a whole.”

The Haringey Council’s plans are for new shops, a Wembley-style walkway, flats and hotels to go with Spurs’ new stadium.

These developments will undoubtedly inject more money into the club, which in theory should help Tottenham stake more of a claim to the Premier League’s top four and European football in the years to come.

Spurs have already bolstered their squad with the sale of Gareth Bale to Real Madrid last summer. And following the conclusion of the 2013-14 Premier League season, Tottenham lured one of the brightest young managers in English football to north London, Mauricio Pochettino. So the immediate future looks bright for Spurs and their supporters.

READ MORE — Save the Red House; a part of Tottenham Hotspur history

The downside to the stadium plans of development is the impact the new project will have on local lives and businesses.

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