The directors of Walthamstow Stadium Limited have agreed to the sale of the company's freehold property at Walthamstow Stadium to a development consortium led by London and Quadrant. They claim falling profits and attendances forced the sale. Formal contracts have been exchanged and completion is expected on or before 1 September 2008. The final race was held during Meeting 152 on Saturday 16 August 2008 at 23:00, the winner being No. 2 'Mountjoy Diamond'. Numerous attempts to buy or lease the stadium back from developers have been made but have so far been unsuccessful. On 8 May 2012 the application for housing on the site was approved by four votes to three. The stadium buildings were demolished and were replaced with 292 new homes, but the Grade II-listed front facade remains.