Unfortunately, Len Silver decided to take the money and run with no thought of the outcome. Another who has to take responsibility for the unnecessary closure of the club.
He stopped investing in the stadium towards the end of his time as well as running teams on the cheap. A shame as he put good teams together and created a nice little venue round 2004- 2008
I wouldn't have thought noise or local residents would be the main problem. The nearest houses are across the River Lea and speedway was still running when they were built so would have been aware of the stadium.
The Rye House Group aren't in a good position with a demolition notice against them and planning denied for the area where the track was. They have spunked a lot of money for little return and are likely to have to rip out a lot of the building work out if they don't win their appeal. They must be in breach of their lease with the Lee Valley Park Authority as well. The arrogance and spite from them has bitten them in the backside.