Manchester United's plans to redevelop Old Trafford have received a significant boost with the UK government's support. Chancellor Rachel Reeves has committed to championing a regeneration project around the club's stadium, aiming to foster new housing and commercial spaces. CEO Omar Berrarda emphasized that upgrading the stadium could lead to broader economic revitalization in Greater Manchester. The club is reportedly considering constructing a new 100,000-capacity stadium that may cost over £2 billion, backed by local authorities and stakeholders, including co-owner Sir Jim Ratcliffe and Manchester's Mayor Andy Burnham.
The delivery of a world-class stadium can be the catalyst for major regeneration of an area of Greater Manchester which requires new investment to thrive again.
If we work together, there is a once-in-a-lifetime opportunity to create a landmark project around Old Trafford that the whole region can be proud of.
The Chancellor also revealed today that she is championing a regeneration project around Old Trafford in Manchester that will see new housing, commercial and public space.
United are leaning towards building a new 100,000-capacity arena rather than redeveloping the existing stadium, although a final decision has not been made.
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