Spurs New Stadium: Concrete Plans or Field of Dreams?

Spurs revealed images of a proposed new 60,000-seat stadium at their AGM on Monday.

Hailing it as a "large-scale development incorporating leisure facilities, public space, and housing along with state-of-the-art facilities," the proposed new ground would be situated near White Hart Lane.

Construction would be completed via two phases; the first part would see the new stadium built around the existing one during the football season, with the rest completed during the summer break.

Spurs management would not commit to a timeline for their stadium plans, but did say that they would be making planning applications in the New Year. They also conceded, however, that the formal urban planning process is lengthy.

Considering the current banking climate, and the current financial form of the club against rivals Arsenal (who themselves have only just completed a similar stadium project to much acclamation and project management success), does any supporter expect these plans to actually amount to any tangible result in the next two years? Or is the current euphoria at the club under new coach Redknapp bleeding into other areas of fancy?

I for one would love to see Spurs get a new ground, but I just don't know how realistic these plans are. I'm only saying this when I consider the financial performance of Arsenal and their recent rise up the standings of top-money earners and makers of the top clubs in Europe.

Spurs are 10th in the so called "money league" with £103.1m, while Arsenal are now fifth with an annual revenue of £177.6m. Perhaps eyeing how much Arsenal generates on match-day revenue at their new home has caught Spurs' attention.

But Arsenal regularly competes in the Champions League, and that was a big contributing factor in helping to fuel the development plans ahead of them being realized. Do the Spurs realistically think that they can also complete a similar stadium plan without reaching such a plateau, or is this also part of their dreaming?