Everton Football Club’s wholly owned subsidiary Everton Stadium Development has signed an agreement with Peel Land and Property (Ports) for the club to lease land at Bramley Moore Dock in Liverpool for the construction of a new stadium.
Conditional upon gaining planning consent and securing funding for the development, the lease will run for a period of 200 years.
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The Bramley Moore Dock stadium is expected to be the first project to begin development out of £5.5bn regeneration proposals for North Liverpool.
Everton’s adviser CBRE has estimated that the new facility will add £1bn to the local economy and contribute more than £900m to the region before the stadium is complete.
CBRE Planning and Development senior director Iain Jenkinson said: “This scheme is hugely significant, not just for Everton and for Peel’s Liverpool Waters project, but for the entire city region.
“The social and economic impact presented by this once-in-a-generation opportunity will be a game-changer for the city.
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By GlobalData“And it’s a game-changer not only in terms of the measurable regeneration benefits to the city through jobs, supply chain contracts and all the other benefits associated with a large-scale project, but also through the unique brand value that will be development will bring to the city through having what will become a globally recognised stadium on one of the world’s most famous and spectacular waterfronts.”
The project will also help generate more than 15,000 jobs for local people.
