Daniel Levy has confirmed that the only way Spurs will get an improved stadium currently is to move to the Olympic venue, for which they are currently battling West Ham for.
Spurs were also looking at renovating their current stadium, but enlarging and rotating White Hart Lane.
However, despite council approval for the Northumberland Development Project, the cost to build a ground there has now made it impossible.
“That is absolutely dead in the water,” Levy said.
“We have made it clear that the current stadium proposals at Tottenham are not viable so that is not something we are able to proceed with.
“At the moment we do not have an alternative.”
Levy also retaliated to Karren Brady’s recent comments, after the West Ham vice-chairman described Spurs’ plans to demolish and rebuild the Olympic stadium as ‘a corporate crime.’
“I want to deal with facts and the original stadium was always going to be demolished.
“We also promised no white elephants and that is far more important and we don’t want any form of government subsidies.
“We are promising one of the most advanced, state-of-the-art stadiums in Europe that will deliver an exceptional spectator experience.
“Fans will be closer to the pitch than at any other comparable size stadium in the UK, while its acoustic design will ensure that noise from spectators remains within the stadium.
“Accusations that would ‘demolish’ £500million of stadium are hugely inaccurate and highly irresponsible and I want to be very clear on this issue.
“Our proposal will retain around £420m worth of the Olympic stadium, and we will re-use or recycle the £80m that will be dismantled with zero landfill.
“It is also important to remember that two thirds of the Olympic stadium, under the original legacy plan, was to be dismantled – it was not designed to be a permanent structure.
“Recent scaremongering conveniently forgets this fact.
“We would increase the current capacity of Crystal Palace by 9,500 to 25,000 and a new four-lane warm-up track and all weather hockey pitch would also be built.
“With these proposals, Crystal Palace would become a reinvigorated dedicated facility, bringing more activity to the area and be available to the athletics community every single day of the year.”
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