Manchester United’s ambitious £2billion stadium project reached a significant milestone on Friday with the formal establishment of the Old Trafford Regeneration Mayoral Development Corporation.
The newly formed body convened for its inaugural meeting at the Imperial War Museum North, marking what the club has termed a “landmark” development in their quest to construct a world-class 100,000-seat arena.
Lord Sebastian Coe, the former Olympic champion and World Athletics president, has been appointed to chair the MDC, which received government approval before its official launch.
The corporation will spearhead efforts to transform the area around the current ground into a thriving new district, with United’s chief operating officer, Collette Roche, joining Lord Coe and Greater Manchester Mayor Andy Burnham at the launch event.
The MDC’s remit encompasses a vast 370-acre regeneration zone centred on Old Trafford, with plans that extend far beyond the football stadium itself.
Officials anticipate the project will deliver more than 15,000 new homes alongside enhanced public spaces and substantial infrastructure improvements for supporters, local residents and visitors alike.
Employment opportunities form a central pillar of the scheme, with projections suggesting 48,000 jobs will be created locally and over 90,000 positions nationally.
The economic impact is expected to be substantial, with estimates indicating the developments will contribute in excess of £7billion annually to the UK economy.
Manchester United’s ambitious £2billion stadium project reached a significant milestone on Friday
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Supporting United’s ambition for a 100,000-capacity venue remains a core objective, positioning the new stadium as the centrepiece of this sweeping urban transformation.
Lord Coe characterised Friday’s launch as a pivotal juncture in the project’s development.
He said: “Today is a defining moment, the beginning of a long-term commitment to transforming the Old Trafford area.
“We are now open for business – and there’s a lot to do! Over the next few months, we will share our outline masterplan, and we will begin to make this vision a reality.”
Manchester United have reportedly confirmed plans for a comprehensive summer maintenance programme
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Ms Roche expressed the club’s lofty aspirations for the venue.
She said: “Our ambition is to build the world’s best football stadium – one worthy of our supporters, our history and our future.”
“We want to create the best matchday atmosphere and experience anywhere in world football, while ensuring the stadium acts as a catalyst for a vibrant new district for fans, residents and visitors.”
Ms Roche also extended gratitude to Lord Coe, Mr Burnham, Trafford Council, the Greater Manchester Combined Authority and community partners for their collaborative efforts in reaching this point.
Minority owner Sir Jim Ratcliffe has previously outlined his vision for what he termed the ‘Wembley of the North’
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Minority owner Sir Jim Ratcliffe has previously outlined his vision for what he termed the “Wembley of the North”.
He explained his preference for a completely new structure rather than renovating the existing ground.
Sir Jim argued that refurbishing the current stadium would likely cost around 70 per cent of a new build, only to face the same discussions about replacement in 25 years’ time.
Mr Burnham drew parallels with previous successful regeneration efforts, describing the Old Trafford scheme as “the biggest sports-led regeneration project since London 2012” and praising the MDC model as proven and effective.
