Greater Manchester has publicly endorsed plans for a rebuilt Old Trafford as part of the launch of the \u00a31 billion GM Good Growth Fund, a wider package that aims to pioneer a new model of local economic growth. The fund sits inside a long-term vision from Mayor Andy Burnham, who wants Manchester to evolve into \u201ca second city to rival any other on the planet by 2050.\u201d<\/p>\n
An Oxford Economics report described Greater Manchester as a \u201ctrailblazer for local devolution,\u201d and the Good Growth Fund is intended to channel investment directly into communities rather than relying on a trickle-down approach. Officials estimate the wider Greater Manchester economy could add \u00a338 billion to the U.K. finances over the next decade. The first \u00a3400 million wave of investment is targeted to deliver nearly 3,000 homes, more than 22,000 jobs and two million square feet of employment space.<\/p>\n
The Old Trafford area, once a thriving industrial estate, is identified as ripe for regeneration. Committed funding will deliver more than 800 new homes at Trafford Wharf and Stretford Mall in the coming months, and the Old Trafford Regeneration project is listed as a \u201cpriority scheme\u201d within the integrated pipeline. Local planners anticipate a 100,000-capacity stadium at the heart of that regeneration, with the scheme forming part of a wider plan to create 15,000 new homes and a leisure and business destination.<\/p>\n
The stadium itself is estimated as a \u00a32 billion project and is expected to be privately funded, acting as a catalyst for surrounding redevelopment. In a statement published by the club , chief operating office Collette Roche said: \u201cWe are delighted to see the Old Trafford Regeneration project at the heart of Greater Manchester\u2019s wider growth plan for the next decade.<\/p>\n
\u201cWe want to build the world\u2019s best football stadium as a new home for Manchester United and a venue fit for the biggest international events, including the 2035 FIFA Women\u2019s World Cup , surrounded by a vibrant business, leisure and residential district served by excellent transport links.<\/p>\n
\u201cWe are determined to play our part, together with other stakeholders, in making this vision a reality and unlocking the huge benefits it can deliver for the surrounding community and wider region.\u201d<\/p>\n
Manchester United co-owner Sir Jim Ratcliffe has stated a desire for a new Old Trafford to be in place for the 2030\u201331 season. Initial concepts from Foster + Partners, which included a striking canopy, are under reconsideration amid complex negotiations with a major freighting firm that owns adjacent land.<\/p>\n","protected":false},"excerpt":{"rendered":"
Greater Manchester backs Old Trafford rebuild in \u00a31bn Good Growth Fund; 100,000-seat stadium planned.<\/p>\n","protected":false},"author":1,"featured_media":4578,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1264,1083],"tags":[1263,1265],"class_list":["post-4579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-football-development","category-man-utd","tag-stadium-redevelopment","tag-urban-regeneration"],"_links":{"self":[{"href":"https:\/\/www.weplayfpl.com\/news-articles\/wp-json\/wp\/v2\/posts\/4579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.weplayfpl.com\/news-articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.weplayfpl.com\/news-articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.weplayfpl.com\/news-articles\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.weplayfpl.com\/news-articles\/wp-json\/wp\/v2\/comments?post=4579"}],"version-history":[{"count":0,"href":"https:\/\/www.weplayfpl.com\/news-articles\/wp-json\/wp\/v2\/posts\/4579\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.weplayfpl.com\/news-articles\/wp-json\/wp\/v2\/media\/4578"}],"wp:attachment":[{"href":"https:\/\/www.weplayfpl.com\/news-articles\/wp-json\/wp\/v2\/media?parent=4579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.weplayfpl.com\/news-articles\/wp-json\/wp\/v2\/categories?post=4579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.weplayfpl.com\/news-articles\/wp-json\/wp\/v2\/tags?post=4579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}