Belfast Telegraph

Levy wants relocation support

Tottenham chairman Daniel Levy has launched a stern defence of the club's plans to relocate and criticised the lack of public funding attached to their proposed new stadium.

In a lengthy post on Spurs' official website Levy tackled critics of the proposals to move from White Hart Lane to either a new purpose-built ground close to the current site or the Olympic Stadium in east London.

Levy, who has also drawn ire for overseeing an application to take over the Olympic Stadium post-2012, wrote: "We have made no secret about the fact that the cost of (planning) consent will be extremely high. The revisions to the plans, to meet stakeholder approval, has added in excess of £50m to a development that could well cost in the region of £450m to bring to fruition."

Levy said that extra costs nearing £50million had been accrued in a bid to preserve English Heritage sites close to the Northumberland Development Project, bringing to total projected cost to around £450million.

None of that money has been offset by public funding - a revenue source that both the revamped Wembley and Arsenal's Emirates Stadium were able to utilise - a state of affairs that clearly rankles with Levy.

He continued: "Had we not made these changes to retain historic buildings then English Heritage indicated that they would have no option but to advise that the application be called in and that permission would be refused.

"Meanwhile this development has not attracted a penny of public money.

"This is a development with the potential to kickstart regeneration in one of the most deprived boroughs in London, where land values are poor and yet no regeneration monies are available to it.

"This is in contrast to the stadia developments of Arsenal and Wembley which were both awarded public sector assistance.

"These developments required substantial public sector intervention and assistance and would not have progressed without the injection of public sector money."


From Belfast Telegraph