Does that mean the Spurs will make the improvements and get paid for doing them? Have I read that right?
1. Describe the issue under consideration
1.1 The regeneration of north Tottenham, which will deliver thousands of new homes and jobs, new schools, health and community facilities and transformed social and economic outcomes for local residents, has long been a key priority for the Council and for our key public and private sector partners.
1.2 In February 2012, Cabinet approved a £27m Funding and Investment Package for North Tottenham (please see appendix 1). The funding comprised of £18m of funding from the Greater London Authority (GLA) and £9m funding from the council.
1.3 This funding package was agreed to support the council‟s regeneration ambitions in north Tottenham, a key component of which is Tottenham Hotspur FC‟s (THFC) Northumberland Development Project (NDP). The NDP scheme (which originally received planning consent in 2011) has always been envisaged as a catalytic regeneration scheme which will help bring private sector support and investment into north Tottenham and facilitate the council‟s ambitions to raise the quality of life of residents in this part of the borough.
1.4 As part of the Council‟s £9m funding contribution, Cabinet approved a £3m allocation to contribute towards heritage building improvements in the vicinity of THFC‟s Northumberland Development Project (NDP) scheme. Cabinet also approved a £5m allocation as a contribution to the public and community event space (“public realm”) to be provided as part of the NDP scheme (n.b a further £1m was allocated to master planning and environmental improvement works on Worcester Avenue via the Cabinet decision – these elements are not the subject of this report).
1.5 Both of these funding allocations form part of the Council‟s agreed Capital Strategy and 10 Year Capital Programme.
1.6 Since the February 2012 Cabinet decision, £500,000 of the £3m allocation for heritage building improvements has subsequently been utilised as a contribution towards the North Tottenham Townscape Heritage Initiative. Therefore, a total of £7.5m heritage and public realm funding remains and it is this funding amount which is the subject of this report.
1.7 The Cabinet decision anticipated that the heritage and public realm funding would be released in 2015/16. However, from 2014 onwards THFC began working on a revised planning application which meant the timescales for agreeing the terms for spending the £7.5m were delayed. As well as delivering more homes, commercial space and job opportunities, the revised NDP scheme (approved by the council‟s Planning Committee in December 2015 and the GLA in April 2016) has the significant benefit of being a larger, NFL compliant stadium which has led to a deal with the NFL to host two games per season at the new stadium from Autumn 2018.
1.8 The NDP scheme has now progressed to the extent that the terms of the funding for the heritage and public realm improvements and the resultant project outputs are able to be identified. Therefore, this report seeks approval to enter into the relevant grant agreements with THFC to allow the club to draw down the £7.5m funding within the 2017/18 financial year.
https://www.minutes.haringey.gov.uk...pr-2017 10.00 Cabinet Member Signing.pdf?T=10
That's a 7 MB document for those with limited data.
