The government has decided not to finance the sporting aspects of Old Trafford’s redevelopment. Local leaders are still hopeful for the project’s potential benefits to the area.
He mentioned that while the government is excited about the project, they won’t be putting money into the stadium itself. Local leaders are still optimistic about the overall regeneration of the area around Manchester United’s ground.
Rachel Reeves had previously called this project a great example of economic growth. However, there’s still no cash commitment from the Chancellor for the ambitious plans.
Trafford council is backing the £4.2 billion redevelopment, which includes new homes and jobs. But the stadium plans are still in the early stages.
On BBC Breakfast, Reynolds, who represents Stalybridge and Hyde, expressed his enthusiasm for the project. He noted the potential for housing and leisure opportunities in Greater Manchester.
He also mentioned working with Mayor Andy Burnham, who is known for his local economic leadership. They have various tools to support the project, but funding for sporting elements isn’t one of them.
The Old Trafford Regeneration Task Force, led by Lord Sebastian Coe, believes this could be Europe’s largest regeneration project. However, relocating freight train terminals is a key issue that still needs to be addressed.
