The Government aren't paying for a new stadium. I wish people would read the statements properly. They are allowing planning permission for the development, and assisting with infrastructure. Roads and Rail.
Are they doing this because they are all secret rags?
No. Scruffy Jim & the Glazers are offering up all the land, that they already own, for housing. This is a sizeable area that stretches from Salford Quays roundabout, all the way up to the Lowry bridge. This is wharf side property, and it is in high demand for development, as we have seen on the Salford Quays side with all the developments around the BBC/ITV studios. If they built homes on it, they can claim a double whammy, firstly in meeting their housing quota and secondly in providing new jobs. The Trafford side of the old docks is currently just single storey warehouses, rented out by the Glazers.
The government won't put a penny into building the homes, it will all be private investors. But Burnham and co will take the glory because they rubber stamped it.
The Stadium is the trade off, but they can also claim a win from construction jobs and then this night-time economy that scruffy Jim is banging on about. All these homes will need shops, bars and restaurants.
View attachment 144563