Liverpool has taken the next step toward a $437 million redevelopment of Anfield.
Liverpool has "taken another significant step towards their stadium redevelopment by legally committing to the proposed" £260M ($437M) regeneration of the Anfield area, according to Andy Hunter of the London GUARDIAN. Club Chair
Tom Werner "has signed the heads of terms document that will lead to a formal contract being entered into by the football club, Liverpool city council and Your Housing Group, the three parties involved in the proposed scheme for the overall area." The results of a recent consultation exercise on the project "will be presented to the council's cabinet next week when Liverpool's plans for Anfield stadium" -- a rebuilt Main Stand followed by a new Anfield Road End -- "will be unveiled to local residents and supporters" (GUARDIAN, 4/17
). In Liverpool, James Pearce reported it is a "significant milestone in the delivery of the project, which could lead to the creation of an estimated 770 jobs, as it allows each organisation to progress its respective schemes in the confidence that there is a legally binding agreement in place." As well as the proposed stadium expansion, the Anfield Project "includes the following key components: Anfield Village and Rockfield housing refurbishment projects; new build housing; Walton Breck Road and the High Street corridor regeneration; a proposed training hotel; a proposed business hub; new public space, 96 Avenue and Anfield Square; the completion of Stanley Park and a proposed Hub in the Park" (LIVERPOOL ECHO, 4/17