For the very first time, I have some interesting inside information about the outcome of the Compulsory Purchase Order (CPO), served on Archway Sheet Metal Works.
I understand that earlier this week, Archway lost the legal challenge against Haringey Council over the CPO that was served on them. Apparently, they were seeking around £3m financial compensation, after rejecting a £1m offer plus nearby new premises, as part of the whole compensation package.
In addition to losing the case, they were ordered to pay Haringey's legal fees as well as their own, which was also a six-figure sum. I also understand they have had to accept a much lower compensation package of around £500k, and will have to find or build their own new premises.
Now this court case is over, although probably subject to appeal (
Smoked Salmon
will know for certain, as he is much more intelligent than me) I would have thought Eric Pickles should now be able to make the decision for the CPO to proceed. I am reasonably certain that all the other companies served with CPO's have accepted the terms, relocated already or have made plans to move.
Archway were the final ones, and in my opinion very foolish not to accept the original offer and financial compensation package. A regeneration scheme on this scale, in a deprived part of London was always highly likely to proceed, based upon the number of jobs it would create, benefits to the local economy, and the amount of affordable housing that would be constructed.
Hopefully, one small step closer to the construction of our desperately needed new stadium, and I'm glad I have been able to contribute something positive to this thread.
I understand that earlier this week, Archway lost the legal challenge against Haringey Council over the CPO that was served on them. Apparently, they were seeking around £3m financial compensation, after rejecting a £1m offer plus nearby new premises, as part of the whole compensation package.
In addition to losing the case, they were ordered to pay Haringey's legal fees as well as their own, which was also a six-figure sum. I also understand they have had to accept a much lower compensation package of around £500k, and will have to find or build their own new premises.
Now this court case is over, although probably subject to appeal (
Smoked Salmon
will know for certain, as he is much more intelligent than me) I would have thought Eric Pickles should now be able to make the decision for the CPO to proceed. I am reasonably certain that all the other companies served with CPO's have accepted the terms, relocated already or have made plans to move.Archway were the final ones, and in my opinion very foolish not to accept the original offer and financial compensation package. A regeneration scheme on this scale, in a deprived part of London was always highly likely to proceed, based upon the number of jobs it would create, benefits to the local economy, and the amount of affordable housing that would be constructed.
Hopefully, one small step closer to the construction of our desperately needed new stadium, and I'm glad I have been able to contribute something positive to this thread.
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