Keith Lindblom QC for developer Stanhope and Schroders insisted that a CPO would be "grossly disproportionate in the context of the European Convention on Human Rights".
The firm owns part of the site and has secured permission for an office-led scheme. It claims that this offers 160 more affordable homes than rival Arrowcroft.
Christopher Katkowski QC for Arrowcroft maintained that its 12,500-seat arena-based development would become a marketing symbol for the area, attracting business and around one million visitors a year.
