Manchester, Jan 26 (IANS) Manchester United is working with the Trafford Council and the Greater Manchester Combined Authority to develop plans for the regeneration of the Old Trafford area, with the development of a world-class stadium for Manchester United at the heart of the project.
In a statement, the UK Treasury said Rachel Reeves, the Chancellor of the Exchequer, was championing the Old Trafford project as “a shining example” of the government’s plans to promote economic growth.
While Manchester United would be responsible for the stadium development, support from public bodies would be needed to unlock the wider regeneration opportunity, including improved transport infrastructure and housing.
“If we work together, there is a once-in-a-lifetime opportunity to create a landmark project around Old Trafford that the whole region can be proud of. The delivery of a world-class stadium can be the catalyst for major regeneration of an area of Greater Manchester which requires new investment to thrive again.
“We cannot achieve that wider aim on our own, which is why we welcome the announcement by the Chancellor and the ongoing support of the Mayor of Greater Manchester and Trafford Council. If we work together, there is a once-in-a-lifetime opportunity to create a landmark project around Old Trafford that the whole region can be proud of,” said Omar Berrada, CEO of Manchester United.
Last week the Old Trafford Regeneration Task Force revealed an initial options report, which included findings that showed that the project can deliver an extra 7.3 billion pounds of gross value added to the UK economy and more than 90,000 employment opportunities.
The Task Force determined that a redeveloped Old Trafford could increase the capacity of the existing stadium to 87,000, whereas a new build stadium would allow capacity to reach 100,000. Both options remain under consideration, with the club set to decide on the preferred approach ahead of the summer.
“The project around Old Trafford represents the biggest opportunity for urban regeneration this country has seen since London 2012 and is a key part of our 10-year plan to turbocharge growth across Greater Manchester. We look forward to working with the Government on moving freight away from the site around Old Trafford to new locations to open up capacity for our rail network and unlock massive regeneration potential – delivering benefits across the whole of the North,” said Andy Burnham, Mayor of Greater Manchester.
In the week ahead, Trafford Council and Greater Manchester Combined Authority will discuss the benefits of establishing a Mayoral Development Corporation (MDC) to help drive the project forward.
–IANS
aaa/
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by BhaskarLive.in and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of BhaskarLive.in We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, BhaskarLive.in takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
