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.
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The first written record of The Elephant and Castle pub was made in March 1765, exactly 250 years ago.
The controversial plan in east London aims to tackle anti-social behaviour linked to persistent rough sleeping and begging.
Even QPR, who finished bottom of the table, claimed total prize money of £65m