September 21 – Everton’s plans for a new ground at Bramley Moore Dock has been estimated will give the local economy a £1billion boost, according to projections from property firm CBRE which is working with the club on the stadium project.
Liverpool as a city lost the backing to be England’s nominated venue for the Commonwealth games, with Everton’s new stadium as the centrepiece of the city plan. However, this hasn’t derailed the stadium development plans or impacted on funding.
The stadium will add over £900 million to the region’s Gross Value Added (the measure of the value of goods and services produced in an area), before it is even completed, according to CBRE.
During the construction phase more than 12,000 jobs will be created and will contribute £255 million locally, with further benefits including £94 million being spent by visitors to the city through retail and tourism spending, as well as hotel occupancy.
The increased stadium capacity will add visitor numbers to the city than is currently the case for Everton home games at Goodison Park.
CBRE’s senior director of planning and development, Iain Jenkinson, said: “This is a once-in-a-generation opportunity for Liverpool to embrace one of the most significant and unique regenerative investments the city has ever seen.
“The economic contribution to the city of Liverpool through Everton’s new stadium at Bramley Moore Dock, the catalytic effect it will have on surrounding neighbourhoods, and the equally important Goodison legacy project make this a package of projects, a game-changer for the city.”
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