Overview
- Royal Borough of Kensington and Chelsea granted planning permission for the Earls Court Development Company’s £10bn scheme, following Hammersmith & Fulham’s unanimous approval last month.
- ECDC says the approved masterplan includes no opportunity for a football stadium now or in the future, with construction expected to begin in 2026.
- The project still lacks confirmed financing, and the mayor of London is set to consider the plans, which feature around 4,000 homes with roughly 35% affordable.
- Estimates suggest the land’s value could rise from about £500m to £750m with permissions in place, potentially drawing heavyweight investors.
- Chelsea remain interested in a stadium focused on the Lillie Bridge depot, with CEO Jason Gannon meeting TfL and Delancey, but no formal bid has been made as a senior political figure urges the club to “put up or shut up.”