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SBD Global/August 20, 2012/Facilities
Hotel Plans Could Allow Liverpool To Renovate, Remain At Anfield
Published August 20, 2012
A CITY NOT UNITED: BLOOMBERG's Chris Spillane reported that home prices near Man City's Etihad Stadium gained 271% since the venue opened a decade ago, about three times the 91% increase near cross-town rival ManU's 102-year-old Old Trafford. The findings are from a study of Premier League cities by mortgage lender Halifax. Newer football stadiums have "produced the best results," with four of the five largest gains in homes located near arenas built in the past 15 years. Man City’s stadium was built for the 2002 Commonwealth Games in one of the U.K.’s poorest neighborhoods, "increasing the impact of infrastructure improvements on the local housing market." City moved in a year later. Home prices near Premier League stadiums increased by 137% over the past 10 years, outpacing the 90% gain in all of England and Wales (BLOOMBERG, 8/17).