Former Tottenham player Ledley King told a press conference this morning what great news the project is for the area and how he hopes it will help regenerate Tottenham.
The area was badly affected by the riots in 2011 when buildings were burnt down, shops looted and livelihoods lost.
The scheme aims to deliver a huge investment to the area; more community events, an improvement to the High Road - including the refurbishment of historic buildings - new homes and business opportunities as well as more jobs for local people.
More top news
The City of London Corporation have axed a controversial scheme to allow hunting in Epping after reports of deer being 'disembowelled'.
A burst water main caused serious flooding in south London this morning with businesses and homes left submerged in water.
Campaigners have vowed to block the building of a £50 million Holocaust memorial that is due to be built next to Parliament.