Out-Law News | 05 Sep 2014 | 5:09 pm | 1 min. read
The proposals for the site include a new 40,000-seat stadium, to which QPR intends to relocate from its current 18,000-seat Loftus Road home. According to the website for the proposed development the stadium "will be multi-purpose, hosting not just football but corporate and community events" and will "serve as a catalyst for regeneration, creating new jobs and homes" in the Old Oak Common area.
Space for shops, restaurants, leisure facilities and up to 24,000 new homes is proposed in the surrounding area, which QPR intends to call New Queens Park. The club estimates that new businesses occupying New Queens Park following the regeneration will create "at least 50,000 jobs".
QPR entered into a collaboration agreement with the Greater London Authority and the London Borough of Hammersmith and Fulham in December, committing it to bringing forward an "early and very significant private sector investment" in the Old Oak Common regeneration area. The club has developed the proposals in partnership with Stadium Capital Developments, the company that brought forward the regeneration at Arsenal Football Club's Emirates Stadium in north London.
According to a report in the Financial Times, the plans face opposition from car retail company Cargiant, which owns 45 acres of land within the proposed development site. The report said that Cargiant had been working on its own proposals for 10,000 new homes in the area and that discussions with QPR over vacating the site had broken down.
"[QPR] approached us, they were very bullish and aggressive," said Cargiant managing director Tony Mendes, according to the report. "We are the landowners and we are not going to move."
"We are not in active discussions with [Cargiant] at the moment," confirmed QPR chief operating officer Mark Donnelly, the report said. "We would welcome the chance to talk to them in the future."
Public exhibitions of QPR's proposals will be held at Loftus Road Stadium on 15 and 16 September, at Holiday Inn London West on 17 and 18 September and at St Mark's Church Hall in Kensal Rise on 19 and 20 September.