Below is the relevant extract from the Central Park Area Action Plan which is underpinned by the Council's Core Strategy which will determine the principles that any planning application (and request for covenant change) will be judged against.
"To deliver major improvements to Home Park Stadium and support the extension of
Plymouth Argyle Football Club’s programmes of training and fitness within the
community, engagement with the city’s youth, through developing its southern stand
for supporters, corporate clients and hospitality, and through complementary
commercial development potentially including:
A leisure or sporting facility such as indoor tennis, specialist sports training,
ten pin bowling;
Conference and exhibition space;
A hotel;
Leisure and sports related retailing of an appropriate scale and nature
consistent with the Core Strategy’s retail objectives;
Refreshment retailing (Use Class A3) to provide a range of services and
choice including health eating outlets;"
Given the 'no overall control' position of Plymouth City Council it could be considered even more unlikely that Councillors will be persuaded to ignore their well founded planning policies and support a project such as student accommodation within the Park. Even more so if they want to survive at the ballot box let alone expose themselves to legal challenge and associated costs should they be even remotely inclined to support such a proposal.
On the wider issue the provision of large student accommodation on sites in the city has reached maturity or even saturation point. Schemes will only proceed to construction if they are within stumbling distance of the University as market research dictates that location is the potential student occupier's most important requirement. In addition, construction cost inflation in the south-west is running at 8-15% annually and this is putting huge pressure on the viability of such schemes hence the failure to commence some of the larger schemes recently granted planning permission.
HHP remains a secondary location commercially. That is the principal reason why it failed to attract the necessary food and drink interest to kick start the approved HHP development. As far as student accommodation is concerned it is even more secondary with other already permitted schemes holding a significant locational advantage in the unlikely event that demand for such accommodation substantially increases in the future.