The London borough of Haringey is set to abandon its controversial regeneration plans at a meeting next week. The council’s cabinet is due to meet on Tuesday (17 July) to discuss a report, which recommends abandoning the Haringey Development Vehicle (HDV) joint venture with developers Lendlease. The regeneration scheme was adopted last year by the previous Labour administration, despite opposition from residents, opposition councillors and local residents. In January, the council’s then-leader Cllr Claire Kober announced plans to stand down from the council at the May elections following a rift within the Labour Party. The new Labour administration, which took over in May, has promised to pull the plug on the project. The cabinet report states that ending the contract with Lendlease will mean the London borough will have to pay Lendlease £520,275 to cover costs. It also notes that the council has already spent around £2.4m on the project, … (To read the full article, subscribe below)

Jamie Hailstone

Senior reporter – NewStart