Tottenham Hotspur Football Club has signed an agreement with Haringey Council in the UK to construct a new 56,000-seat stadium in north London near its existing White Hart Lane home.
The football club has dropped its plan to become the post-Games tenants of the 2012 Olympic Stadium in the east of London, instead reverting to its original Northumberland Development Project plan.
Under the deal, Haringey council will invest £9m while London Mayor Boris Johnson has committed £18m for a mass regeneration project in north Tottenham, an area damaged during rioting in London in summer 2011.
Tottenham Hotspur chairman Daniel Levy said: "As a major employer and business in the area we are delighted with this commitment from the Mayor and Haringey Council."
"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," Levy said.
"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," he added.
Out of the £18m the Mayor of London has committed to the area, £6m will be invested on highways and parking improvements and a district-wide heating and power scheme; the rest of the investment will be used for public transport and infrastructure.
Tottenham Hotspur will now move ahead with stadium plans known as the Northumberland Development Project, costing around £400m.
In addition to a new 56,000-seat stadium, the project includes a 200 housing unit along Park Lane, a 150-room hotel on Worcester Avenue, a large food store and new megastore, as well as a new courtyard setting for the retained historic buildings.
The new stadium will have flowing lines of external cladding and an undulating roof carrying the club’s colours.
It will be designed like a bowl which will help keep crowd noise inside while the inclusion of a single tier stand will help generate a wall-of-sound effect.
The new design will offer comfortable seating with more leg-room and easier access, as well as an enhanced concourse, concession and toilet facilities and better viewing options for wheelchair users.
Haringey Council leader Claire Kober said: "We have said all along that we are eager to support Spurs in their efforts to stay in Tottenham."
"We are investing in the regeneration of Tottenham and supporting Spurs’ Northumberland Development Project because we know that together we can bring new employment opportunities to Tottenham, significantly improve the area and attract investment for a successful and sustainable future," Kober said.
Caption: The new stadium will be designed like a bowl and will have flowing lines of external cladding. Photo: Image courtesy of Tottenham Hotspur Football Club.