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Northumberland Development Project (NDP) Update

Posted on 28 September 2011  - 12:00

The Club has continued to seek ways in which the new stadium scheme and associated development, the NDP, can be made viable and deliverable and has been enagaged in discussions with the Mayor's office, Haringey Council and central government over the past months.

Northumberland Development Project (NDP) Update

The Club has continued to seek ways in which the new stadium scheme and associated development, the NDP, can be made viable and deliverable and has been enagaged in discussions with the Mayor's office, Haringey Council and central government over the past months.

The Club has to date invested £60m in land acquisition in order to facilitate the site assembly for the new scheme and has spent a further £25m on the planning process.

Daniel Levy, Chairman, commented, "We are the major employer and economic driver in the area and are now the only major private sector business here that is looking to invest and play its part in the regeneration of an area which has suffered from decades of under-investment.

"Given recent events, Tottenham needs our concerted efforts to reverse the decline of decades and create a community with hope and prospects of future prosperity. Both local and national government now recognise the important role our new stadium development can play in kick-starting this.

"The proposed stadium scheme and wider area development has the potential to lever hundreds of millions of pounds worth of much-needed regenerative development to Tottenham. But we cannot be expected to do this single-handedly. We have seen land values fall again post the recent riots and this is a further concern for the Club as it considers the nature of the investment. The overall scheme requires a complex package of financing of which the correct level and nature of public support is critical.

"We have held discussions with Haringey Council and the Mayor's office regarding the funding of the public infrastructure works associated with the scheme.

"It would be wholly irresponsible of us to announce we were proceeding with the scheme without the appropriate agreements and support firmly in place. Discussions are continuing with all the relevant stakeholders and we shall, as always, keep our supporters updated."