Members of Enfield Council's ruling executive have given their backing to the purchase of a package of land that would safeguard the development of Edmonton's 85 hectare Meridian Water site.
They gave an agreement in principle to acquire the property - thought to include National Grid owned land that currently houses decommissioned gasholders - for an unspecified price at a meeting earlier this week.
A report to the meeting said the move would help drive the early stages of the development, which is ultimately expected to bring 5,000 new homes and 3,000 jobs to the borough, as well as hosting new shops, restaurants, two new schools, and a new low-cost heat network.
Councillor Del Goddard, Enfield’s regeneration lead, said acquiring the land would kick-start the whole scheme and enable development to start earlier.
“Meridian Water is one of the largest development site in north London,” he said.
“It is very important we move forward now that the masterplan for this site is agreed and the decision on whether or not to acquire land in order to facilitate development of the vital infrastructure at Meridian Water was an important one.”
A public report to the meeting did not identify the precise land involved, but confirmed it related to Meridian Water’s first three phases.
It added that the collection of land was not currently being offered as individual packages, and that a failure to acquire the sites - subject to “best vale” testing - could result in uncertainty over their future purchase.
Officers said buying the sites now would “provide a greater level of certainty over the timescales associated with the development of three early start sites in Meridian Water and their relationship with significant rail and education infrastructure, and to increase developer and stakeholder confidence in the delivery of the masterplan".
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