Arsenal Football Club is delighted that the Compulsory Purchase Order (CPO) relating to the entire development site, including properties on Queensland Road which is situated near the Club's new stadium site has been confirmed by the Secretary of State, John Prescott.
The Secretary of State, who was minded to confirm the CPO in January, accepted the London Borough of Islington's case that the implementation of the proposals would make a substantial contribution to the regeneration of the area.
Commenting on the news, Arsenal Director Danny Fiszman said:
"Although it did not affect the construction of our new stadium, we are obviously delighted that the Secretary of State has confirmed Islington's CPO. This will now enable us to further contribute to the signficant regeneration of this area of Islington. Our comprehensive regeneration programme also includes the construction of many new homes and creation of a considerable amount of new jobs."
Objectors to this decision have six weeks in which to announce a possible challenge.
The construction of Arsenal's new stadium is progressing on schedule for opening in August 2006.
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