WALTHAMSTOW: Council will not contest Walthamstow Stadium viability assessment decision (From East London and West Essex Guardian Series)
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Waltham Forest Council will not appeal against Information Commissioner's Office's decision to order Walthamstow Stadium viability figures are released
A RULING that documents were wrongly withheld from campaigners who claim they prove a housing organisation is set to lose millions developing Walthamstow Stadium will not be contested.
Waltham Forest Council will not appeal the decision made by the Information Commissioner's Office (ICO) that the authority was wrong to refuse to release a viability assessment they believe demonstrates London & Quadrant (L&Q) will make a £26 million loss on the site after buying it during the property boom.
The authority had maintained the assessment was subject to commercial confidentiality, but has now accepted the figures would not harm any party's economic interests.
Campaigners from Save Our Stow, a group which favours a return of dog racing to the site, insisted the assessment was in the public interest because L&Q would be forced to tap into its taxpayer-funded reserves.
L&Q hopes to build a 294-home housing estate on the site in Chingford Road,
Walthamstow and is awaiting approval from London Mayor Boris Johnson.
He said earlier this year that the viability of the scheme would be a major factor in his decision.
The council must now release the figures within 35 days.
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