According to The Athletic, Hammersmith and Fulham council approved proposals for a separate development, and not Chelsea's, on the site of the old Earls Court Exhibition Centre. The Earls Court Development Company confirmed the news in a statement on Thursday morning, saying the 44-acre, £10 billion ($13b) masterplan will "transform central London’s largest cleared development site".
They added that this development will create around 4,000 homes and 12,000 jobs and that: "This first milestone paves the way for ECDC to work with partners across the public and private sectors to move forwards with plans to start on site as soon as possible."
The ECDC's plans do not include a football stadium like the one Chelsea desires. However, the aforementioned development still has to go through multiple stages, such as authorities in Kensington and Chelsea, before getting the go-ahead.