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manchester united announces plans to redevelop old trafford area, expected to bring huge benefits in the future

2024-09-24

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manchester united has published an economic report on its official website on september 24, which aims to explore the benefits of building a 100,000-seat world-class stadium as part of the old trafford redevelopment project. the report found that the project could bring an additional £7.3 billion to the uk economy each year.

oxford economics, one of the world’s leading independent global consultancies, has carried out a preliminary economic impact assessment of the proposals, with initial estimates indicating that the project would make a significant contribution to uk economic growth, including the creation of 92,000 new jobs, over 17,000 new homes and an additional 1.8 million tourists per year.

the initial findings are based on a range of potential development opportunities in the old trafford area, including a world-class stadium with a capacity of 100,000 spectators, and new mixed-use development around the stadium and in the adjacent trafford docklands area, which will benefit the local community, attract new residents, increase jobs and make it a vibrant destination for visitors from manchester, the uk and around the world.

foster + partners, lead architect for the stadium quarter, helped develop options for how best to use the land surrounding the stadium, transforming the area into a powerful driver of sustainable development centred around a sports, residential, entertainment, commercial and education campus.

in addition to these positive impacts, potential changes to the rail infrastructure around old trafford will have further significant economic impacts. once completed, this work will also inform the final recommendations of the old trafford redevelopment taskforce.