Luton Town FC has taken a significant step forward in its plans to build a new stadium at Power Court in the town after sealing a deal to buy the land for the scheme.
The planning application for Power Court is for a new football stadium with ancillary stadium-related facilities, residential floor space, flexible educational, community and commercial uses, hotel accommodation, retail and food and drink outlets.
The initial capacity of the stadium, designed by AndArchitects, will be 17,500, rising to 23,000 as the club grows.
Chief executive Gary Sweet said in his match day programme notes for Saturday’s game against Carlisle United:
We are delighted to announce that we have confirmed exchange of ownership of the Power Court site with British Land. By the time you read this contracts will have been completed. The deal is an outright freehold purchase of British Land’s property at the planned location for our new ground.
Owning the land doesn’t mean that planning permission has been granted yet, of course – that process is currently subject to the continued scrutiny by development control and our continued provision of technical clarification.
Owning both key sites does, however, provide more clarity over any delivery and viability issues they may have. In contrast to some plans, we have both the ownership of the land and the finances required in place to turn drawings and projections into reality.
He said it was also pertinent to mention that the level of detail contained in the club’s applications meant everyone needed to be patient while a robust assessment is made in isolation.
Realistically, we don’t expect to know the outcome until February or later. Nonetheless, purchasing Power Court land is a major, major step forward and takes the amount of land in our control to over 70 acres. That includes the Newlands Park site at Junction 10 and The Brache, our new training ground location, which is on a long-term lease with a purchase option in our favour.
Image courtesy of AndArchitects