Luton Town Football Club’s property arm, 2020 Developments (Luton) Limited, has moved. They have officially asked to be released from the affordable housing covenant attached to their new Power Court stadium deal. This appeal goes only to ensuring the commercial success of the project. At the same time, the club is preparing to transform a 21-acre brownfield site in the town center into a new stadium and mixed-use home development.
Luton Town has been playing at the Kenilworth Road stadium for 119 years. Its current capacity is a mere 12,000. Their new stadium will accommodate 25,000 fans. This is a strong indication of the club’s resolve to improve its offerings after suffering a second straight relegation. The proposed residential scheme on the site includes affordable housing that accounts for 20% of the total number of homes planned.
Enabling works are already in progress at the Power Court site, marking an important move in the club’s progression plans. Redloft performed a financial viability analysis. The Inspector concluded that the residential scheme is unviable as a result of the present affordable housing provision. The evaluation supports Luton Town’s appeal to the planners. Today, they are told to take the affordable housing demand out of the development agreement.
“The residential scheme is unviable with the current affordable housing provision.” – WSP
According to news stories, inclusionary payments for affordable housing will be paid with each release of residential lots. This holistic approach is meant to create a healthier balance of smart development and affordability. It’s a tragedy to lose this much existing, affordable housing. Most stakeholders are deeply convinced that redeveloping the Power Court footprint will have far-reaching positive effects.
“The loss of affordable housing is unfortunate, but it’s considered that there would be many wider benefits associated with the regeneration of the Power Court site.”
Luton Town is constantly walking the tightrope of development and community obligation. The club’s long-term viability at the new stadium is a primary issue for local supporters and city planners. The outcome of this request will likely influence not only the club’s financial prospects but the community’s long-term access to affordable housing solutions.
