The club hold a lease over that land they don't actually own it I believe. It's a long lease for I think another 30+ years, but even if the yard could be moved would United then be in a situation where they potentially don't own the land where some or all the the stadium is situated. Not to mention who knows how much it would cost to buy land somewhere else and move that transit terminal, if that's even possible.
New Stadium or Revamp Old Trafford
- Thread starter Ian Reus
- Start date
I think £2bn is an incredibly low figure for a ground that probably wouldn't be completed this decade.
Low? 2 billion quid ? Not just low but “incredibly low”?
Spurs, despite being in London spent 1bn.
2bn quid would make it the second most expensive stadium on the planet behind only the SoFi.
Exactly.
the national children’s hospital in Dublin is costing around 2billion and the size of the thing is enormous - in one of the most expensive cities in the world
i don’t get why it will cost 2bn to build a stadium. I’d love to see a breakdown. Does that take into account buying more land rather than leases? Does it factor in revamping the surrounding area?
Real's new stadium looks magnificent.
Moving the ground to a new site altogether or buying land for the yards, both where they are now and where they might go, would obviously cost a lot of money. So would rebuilding in the existing position. I don't know how either would be financed, but other clubs have moved and others have rebuilt, either is technically possible. Interestingly such land deals are very much Peel Holding's forte, they do transform entire districts.
Spurs started building their ground in 2016. It opened in 2019. I don't know if you've noticed, but things have become slightly more expensive since then. The price of steel is pretty much double what it was in 2016. Labour costs are far more. And we won't have spades in the ground for years yet.
Manchester is the 12th most expensive city in the world to build in, Dublin not too far behind in 19th place.
Really? Wow, didn’t know that
It costs as much to live here as it did in London 10 years ago, but with the wages you'd get in London 20 years ago!
The price of steel has actually been on a steady decline since the pandemic, not surprisingly as interest rates have stopped many from building and there’s not the same demand.
140 ish in 2017, 170 ish now.
Labour is more post Brexit, but not “far more”, up around 4% although interest rates and less construction demand are likely to reign those in somewhat also.
It’ll be more expensive than Spurs of course, but as posted above, London is the most expensive city in the World to build in, and 2 billion quid in an incredible sum of money.
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I suppose the only way we'll know who was right will be when work is complete, but I think the £2bn estimate is going to end up being way off the mark.
The price of steel has actually been on a steady decline since the pandemic, not surprisingly as interest rates have stopped many from building and there’s not the same demand.
140 ish in 2017, 170 ish now.
The new Wembley stadium originally was supposed to have cost £475m. It eventually cost £798m and that project started 20 years ago. If we want this to truly be the Wembley of the North, it's going to be expensive.
Sadly a very accurate assessment!
The price of steel has actually been on a steady decline since the pandemic, not surprisingly as interest rates have stopped many from building and there’s not the same demand.
140 ish in 2017, 170 ish now.
Labour is more post Brexit, but not “far more”, up around 4% although interest rates and less construction demand are likely to reign those in somewhat also.
It’ll be more expensive than Spurs of course, but as posted above, London is the most expensive city in the World to build in, and 2 billion quid in an incredible sum of money.
Yeah so 2b should cover it. 30k seats for an additional billion quid.