I am sure the sponsors consider it good value for money.
Perhaps you could make a Freedom of Information request to get the details of the Granger money? But I do know that the Hale village development was late in paying the fist instalments of the S106 money and then a deal was done to let them off the full amount set out in the original deal. Perhaps time for an FOI on that?
The £1bn for Tottenham claim has been much used. While many are sceptical about it being true, Councillor Alan Strickland believes it is not a contentious claim. Speaking at the Tottenham Takeover event at the V&A he claimed it was 'nearly £2bn'.
Anyway, here is the information provided by Haringey Council when asked to justify the £1bn claim.
Re: Freedom of Information Act Request ref: LBH/2478413
Thank you for your request for information received on 05 December 2013, in which you asked for the following information:
Please can you provide detail on the £1billion of funding that the Tottenham's future survey claims is coming to Tottenham?
My response is as follows:
The figure of £1bn investment sets the context and scale of potential incoming investment into the regeneration programme for Tottenham. It is referenced in A Plan for Tottenham (published in 2012) and in the materials to publicise the Tottenham’s Future events. The £1bn is not a single grant, loan or guarantee, but is in fact an aggregation of the current best estimated value of all proposed infrastructure investments, grants and anticipated private sector leverage. The specific figure of £1bn been derived from the key announcements below (including details of the sources of funding), but in real terms £1bn is an estimate and actual investment may exceed that.
• £75m investment in the West Anglia Main Line (Funding is grant from the Department for Transport, TFL and Network Rail)
• £90m investment to electrify the Barking - Gospel Oak London Overground Line (funding is grant from the Department for Transport, TFL and Network Rail)
• £40m investment in Tottenham Hale Gyratory (funding is grant from TFL and match funding from the Council)
• £41m Tottenham Regeneration Programme investment including Growth on the High Road projects in Bruce Grove and Tottenham Green (Funding is grant from the GLA and match funding from the Council and other sources, full details of which can be found in the Cabinet report of 7th February 2012)
• £20m for Tottenham Hale station (funding is grant from TFL)
• The £700m or so in private sector development value (this an estimated based on assumed development values of THFC, Hale Village, Lawrence Road, Wards Corner, Brook House and others)
The £500m of borrowing guarantees announced in the government spending review earlier this year will be used to underwrite borrowing for infrastructure, housing and commercial projects on terms that are yet to be agreed.