Proposed regeneration of Manchester United's Trafford Park into a 100,000-seat stadium could boost UK economy by £7.3bn
Manchester United's proposed regeneration of Trafford Park could do wonders for the UK economy.
The Red Devils want to build a state-of-the-art 100,000-capacity stadium as part of the project, worth an estimated £2bn.
Failing that, they could transform the current Old Trafford to bring it up to the level of a top-class football stadium.
The Trafford Park complex would present the prospect of a major transport hub, along with facilities dedicated to sport, residential, entertainment, business and an educational campus.
According to the Daily Mail, Such a regeneration could boost the UK economy by £7.3bn.
This came after Manchester United commissioned Oxford Economics to carry out a fiscal impact assessment of its proposals.
The global advisory firm found the plans would generate huge growth, including 92,000 new jobs, 17,000 new homes and 1.8 million visitors to the area per year.
The Red Devils will not ask for public funding but want a public-private partnership to focus on infrastructure and wider regeneration, including an immediate emphasis on transport.
This would include moving the freight terminal currently located behind Stretford End.
Greater Manchester Mayor Andy Burnham and Gary Neville They are part of a special task force to push the project forward, and Burnham explains the benefits of turning the area into a transportation hub.
He said: “What we have here is huge potential to fix the rail system in the north west of England.
“It's an incredible opportunity right in front of us and Manchester United We have created the catalyst to try to make all these benefits a reality.
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“If the terminal were to be moved, a major transport hub for the area could be built in its place.”
Neville added: “It's hugely significant not just for Manchester United but beyond.
“I think Manchester United has one of the most powerful voices in the world even though it's just a football club, as crazy as that sounds.
“The impact Manchester United should have on and off the pitch should be significant and this is the start.
“I've been tearing my hair out for the last 10 or 12 years thinking that 20 years ago Manchester United had the best stadium in the world, the best training ground in the world, one of the best teams in world football.
“Obviously, that has been a setback, but the arrival of new ownership has proven to be a catalyst for what we can change.”
Manchester United have already announced Foster + Partners as the lead architect for what they have dubbed the Stadium District.
Once completed, Oxford Economics’ work will drive the Task Force’s final recommendations.
