Back in February, Tottenham Hotspur won an important High Court ruling on their compulsory purchase order (CPO) for the land on which Archway Sheet Metal Works sits. Archway had the ability to appeal that ruling, but according to various sources it appears that they will not.
The Club has received confirmation that Archway are not proposing to appeal to the Court of Appeal. Statement to follow shortly.— Tottenham Hotspur (@SpursOfficial) March 13, 2015
According to a statement on the Tottenham Hotspur website, the next step will be to vest the land in the Haringey Council's ownership and agree to the compensation amount payable to Archway. This, of course, sound incredibly stupid because the reason we're in this position is that we couldn't agree to compensation with Archway. Now, at least, they don't own the land anymore, so it can be developed while the negotiation process takes place.
Archway have released their own statement, portions of which can be viewed on ESPNFC.
Whilst we were disappointed and surprised by the judgment of Sir Ian Dove in dismissing our claim to the compulsory purchase order made by Haringey Council to support the stadium scheme of Tottenham Hotspur Football Club, we have decided not to appeal against his decision."
"We have always been willing to negotiate with the club on a reasonable and proper basis. Our efforts towards that end have been unsuccessful so far, but we will continue to try to achieve a proper settlement by agreement if that is possible."
"Our other overriding objective is also to arrange for the relocation of our family business as quickly as possible and to preserve the jobs of those we employ. Our relocation will presumably also enable the Club to carry out their stadium development and enable them to achieve their commercial objectives."
So, the good news is that we're now further along on the path to getting that shiny new 60,000 seat stadium. The bad news is that we still have to negotiate with Archway.