Lord Sebastian Coe stated that the partnership between Manchester United, Trafford Council, and the Greater Manchester Combined Authority is designed to "help fully unlock the incredibly exciting potential" of the redevelopment efforts surrounding Old Trafford.
The masterplan by Trafford Council includes plans for about 5,000 new homes in the Trafford Wharfside area, along with proposals for improved connectivity to Salford and Manchester city centre.
According to Lord Coe, this redevelopment is a "once-in-a-generation project" that will not only create a world-class stadium for the north of England but also aims to deliver broad social and economic benefits to the local area.
The advisory team set up in partnership with Manchester United will assess how a new stadium fits into the overall proposals for regeneration and development in the area.
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