Manchester United has revealed that its new Old Trafford project will be far more than just a football stadium, unveiling a large-scale regeneration plan designed to transform the surrounding area into a new urban district.
The new stadium will have a 100,000-seat capacity and is expected to cost around £2 billion (€2.3 billion). It will be built approximately 350 metres from the current Old Trafford, but its impact is expected to extend well beyond football.
The redevelopment includes the construction of 15,000 new homes, alongside commercial, leisure and public facilities, creating a mixed-use neighborhood around the stadium.
Local authorities estimate that the 150-hectare regeneration project could generate £7.3 billion (€8.5 billion) annually for the UK economy while creating approximately 48,000 new jobs.
Collette Roche, CEO of the Manchester United stadium development project, said the club has “a unique opportunity to create a destination that delivers lasting benefits for supporters, local communities and the wider region for decades to come.”
Meanwhile, Trafford Council Mayor Tom Ross said the ambition is to create a destination that thrives every day of the year, not only on matchdays.
Manchester United views the new Old Trafford as one of the UK’s most significant urban regeneration projects, aiming to combine sport, housing, business, tourism and community development into a long-term economic growth engine.