Manchester United has received a huge boost in their hope to build a new stadium with 100,000 seats.
The government has supported the proposed project to redevelop the Old Trafford area.
Chancellor Rachel Reeves has revealed that she will be in favor of the regeneration project proposed by the Stadium Task Force of Man Utd.
The team, consisting of Gary Neville, Manchester mayor Andy Burnham and Lord Sebastian Coe, has conducted a feasibility study into the redevelopment of the current Old Trafford or the construction of a new stadium.
And now Reeves has supported the idea of what the government describes as a “wonderful example of the daring pro-development model that will stimulate growth throughout the region”.
The project will not only make changes to the MAN UTD stadium, but will also lead to new homes, commercial and public spaces.
Man Utd still has to make a final decision about refurbishing Old Trafford or breaking it down to build a brand new house.
However, The Mail claims that United officials focus all their energy on a potential new construction with 100,000 seats.
While they also report that the club is hopeful that the work can start before the end of the year.
In the past it has been claimed that the entire project could cost the Manchester club north of £ 2 billion to realize.
The United Task Force discovered that a redevelopment of the existing stadium would be limited to a capacity of 87,000, which is only 12,700 seats more than the current capacity of the stadium.
While co-owner of United, Sir Jim Ratcliffe, has insisted on a new 'Wembley of the North' project that should accommodate more than 100,000 fans.
It is reported that a final decision will be made before the end of the current season.
The planned project could generate £ 7.3 billion annually for the British economy and create around 90,000 jobs at national level.
Lord Coe, chairman of the Task Force, said that the plans would act as a catalyst for “one of the largest regeneration projects ever in Great Britain”.
While Mayor Burnham described the proposals as “the greatest chance for urban renewal that this country has seen since London”,
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