United is debating whether to renovate the current 74,000-seat Old Trafford or pursue a £2 billion proposal for a brand-new stadium with 100,000 seats.
An economic feasibility assessment commissioned by Manchester United suggests that redeveloping the region around the stadium may boost the country’s economy by £7.3 billion ($9.7 billion) a year.
United is debating whether to renovate the current 74,000-seat Old Trafford or pursue a £2 billion proposal for a brand-new stadium with 100,000 seats.
Burnham has supported plans to rebuild the stadium in conjunction with a “mixed use” neighborhood that would include new public transportation hubs, apartment buildings, and commercial centers.
According to Oxford Economics, a global advising organization, the revitalization project might result in an increase of 1.8 million annual tourists, over 17,000 new residences, and 92,000 new employment.
“This could be the biggest regeneration scheme I’ve ever seen in this country,” Burnham stated.
“We hope it’s the best football stadium in the world, which brings benefits to residents around it.”
Jim Ratcliffe, a British businessman who co-owns United and purchased a minority share in the team earlier this year, is leading the initiative.
Ratcliffe seems to have ruled out pursuing government aid, despite his early suggestion that he could do so to finance a “Wembley of the north”.
United hired Foster Partners, a well-known architectural firm worldwide, to work on the designs last week.
As a member of the Old Trafford Regeneration Task Force, former United captain Gary Neville is encouraging fans to provide their opinions on the renovation.
An economic feasibility study commissioned by Manchester United suggests that redeveloping the region around the stadium may bring in an annual GDP of 7.3 billion pounds ($9.7 billion) for the British economy.
An economic feasibility assessment commissioned by Manchester United suggests that redeveloping the region around the stadium may boost the country’s economy by £7.3 billion ($9.7 billion) a year.
