Old Trafford Development Gets Lancashire Agreement
An agreement has been signed between Lancashire, Trafford Borough Council, Ask Development and Tesco which will see a £190 million sports-led regeneration scheme going ahead.
A potential 750,000 square feet development on the site of the Test venue and home of Lancashire County Cricket Club will provide a new 25,000 capacity stadium, furnished with new stands, facilities for conferences and banquets, a hotel which will form new education, training and sports opportunities for the local community.
"Together with our local partners, the North West Development Agency and Sport England, we will work towards delivering a scheme which will have at its heart a new stadium fit for the next 150 years,'' said chief executive Jim Cumbes.
"I am delighted that a partnership of this calibre can now work up the solution to fund this major international sporting initiative and deliver huge economic benefits for the region.''