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‘World-class place to live, visit and work’: How Trafford masterplan goes much further than new Manchester United stadium

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Council leader Tom Ross on the Wharfside Regeneration Masterplan

How Trafford Wharfside could look (Image: Allies and Morrison Architects )

A vision to transform Old Trafford into a ‘world class’ place to live, work and visit has now been revealed.

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Heralded a ‘once-in-a-lifetime opportunity’, the catalyst for the project will be the new 100,000-seater Manchester United Stadium. But the plan goes far beyond that.

Trafford’s Wharfside Regeneration Masterplan promises around 15,000 new homes, 48,000 new jobs, a possible new train station, green spaces and places for a new community to come together to eat, drink, shop and play.

Council leader Tom Ross wants to transform the land around the Old Trafford football grounds into a place where new and existing residents and businesses can thrive. He has lauded the Wharfside regeneration masterplan a ‘foundation’ for ‘future success’ in Trafford.

He said: “What other local authority wouldn’t tear their right arm off to have the opportunity to be able to create something like this? We will make Trafford Wharfside a world-class place to live, visit and work […]

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“We want more people to be able to share in our borough’s success. More people able to live in Trafford, work in Trafford and enjoy Trafford. So, what we are doing today is laying down the foundations for future success.

“For future generations to inherit a borough that is better for them. That is greener for them, that is more open, with more jobs and more homes available for them. To live next to the most famous club in the world that has the World Class facilities to match.”

As a resident in the area himself, Coun Ross said this would be a ‘very exciting thing to have on [his] doorstep’. But the council has to ‘make sure it works’ for existing residents, too, he said.

He added: “It isn’t something that stands as an island separated from what’s going on in the rest of the borough. We want to make sure that we’ve got good access to healthcare and education provision.

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“Most importantly for me, I want to make sure that the young people have opportunities that come from this regeneration, whether that be through jobs potentially in training or housing, affordable housing to move to when they get older.”

No target has been set at this stage for how many of the new homes will be built as either ‘affordable’ or ‘social’ housing. However, Coun Ross said he wants to see ‘as much as possible’ fall into these categories.

Images of the proposed regeneration of Old Trafford.

The proposed regeneration of the Old Trafford area(Image: Allies and Morrison Architects )

While the masterplan has now been revealed, a lot of details around the scheme are still to be worked out. These include discussions around delivering the services new and current residents will need.

Coun Ross said those discussions are already underway: “They’re the first questions that residents are asking and will be asking and quite right too […] We’ll look at future school places both at a primary and a secondary level and look at what we need to do to work with existing schools to expand or develop new school sites as well.

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“In terms of healthcare, we’re already having those discussions with our local NHS partners around what the future looks like with this redevelopment and wider pieces across the north of the borough as well. [We recognise] that people need access to GPs, to dentists, first and foremost, so we’re looking at ways of doing that and working closely now with the local NHS so we get it right in the medium to long-term.”

Getting transport infrastructure right will also be a key challenge when it comes to such a large development. The council is aiming reduce the number of people driving into the area, particularly on game days, with ambitions to improve public transport to the Wharfside area.

Tom Ross, Labour leader of Trafford Council

Tom Ross, Labour leader of Trafford Council(Image: Trafford Council)

Among the potential options is the reopening of the former Manchester United Station. Coun Ross said: “That will clearly serve people coming in to go and watch Manchester United play, but will also serve the new population that lives around that northern part of Trafford and indeed the Quays area as well.

“So that again will involve working with our transport providers, you know, local Transport for Greater Manchester Network to make sure that we can deliver that.”

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He added: “I experience getting stuck in traffic on matchdays or seeing people park in front of my house, so anything that reduces that is a benefit.”

The council believes the scheme could create around 48,000 new jobs. These would be across a ‘huge range’ of industries, Coun Ross said.

“You’ve got to look at the design, architecture, construction, road and highway management, public transport management. That’s all part of it. The jobs that will come with the club, the jobs that will come with different businesses that open up in the area.

“There’s a huge range of different jobs that are available. So we’re already working with existing colleges like Trafford College to look at what this can look like in terms of their future courses to make sure that we’re ready for what’s about to happen and we’ll work on a Greater Manchester level as well to make sure that we’ve got the right skills to support what is a massive regeneration project.”

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The Wharfside masterplan promises a 'network of attractive neighbourhoods'

The Wharfside masterplan promises a ‘network of attractive neighbourhoods’(Image: Allies and Morrison Architects )

Progressing the vision for the area to this stage has not always been smooth sailing, however. United had originally been in talks with Freightliner to acquire land behind the Stretford End, but those talks stalled, resulting in the club finding a new site for its proposed future stadium.

The council hopes the Freightliner land could still be brought into the development, however. Coun Ross said those conversations will be ongoing, but housing could eventually be built there instead.

He said: “That’s not for now. That’s a longer term conversation that we’ll continue to have with Freightliner. I would say going ahead a few years from now, that’s when we’ll start to see that particular element of land being potentially developed, but that dialogue’s really important with Freightliner still.”

It is not just the Old Trafford area that will benefit from this investment, Coun Ross believes. He said: “There’s a new stadium to look forward to. For people that are looking for jobs and opportunities, there’ll be a huge amount of opportunity available there.

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“For people who’ve grown up in Trafford and wish to stay in Trafford, a prospect of affordable housing. For people that enjoy a walk into the city centre along the canal, a much more attractive prospect there.

“For people that like a night out by a riverside or a waterside, more potential in terms of what we do along the waterfront. So there’s loads of ways in which the existing residents of Trafford will benefit from this project.

“It’s a long term project and it won’t be built tomorrow, but each step of the way we want to make sure that we work with our existing residents and businesses.”

While finding funding for the stadium itself is the responsibility of the football club, questions remain over how the rest of the project will be funded.

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Coun Ross said grant funding will be key to this, but he believes that will be forthcoming: “There will be grant funding coming through because the government’s priority at the moment is housing. So that means that there will be active conversations with the government, with the Ministry for Housing, Communities and Local Government, with Homes England about how we deliver that.”

A public consultation on the scheme is expected to be launched later this month, with Coun Ross urging residents to get involved and make their thoughts known.

To find all the planning applications, traffic diversions, road layout changes, alcohol licence applications and more in your community, visit the Public Notices Portal.

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US FAA approves 737 MAX-7 for production, sends Boeing shares up 5%

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US FAA approves 737 MAX-7 for production, sends Boeing shares up 5%

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Oil prices fall sharply as Trump signals Iran deal on Hormuz Strait

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Goldman Sachs says Iran war unlikely to trigger COVID-like supply crisis

Oil prices fell on Monday as markets embraced hopes for the de-escalation of the Iran war, despite uncertainty over the prospects for a Federal Reserve interest rate hike.

President Donald Trump on Sunday signaled he was holding off on ordering fresh strikes against Iran and said he did so because U.S. allies in the Middle East have reached the outline of an agreement to end the war, adding it would “include the Immediate, Complete and Total OPENING OF THE HORMUZ STRAIT, and an end to Iran’s nuclear threat.”

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Trump indicated the negotiations would begin on Monday afternoon, which caused oil prices to slide on the potential deal to restore the flow of oil shipments through the Strait of Hormuz that have been constrained amid the threat of Iranian attacks and mines amid the conflict.

Prices for West Texas Intermediate crude, a key U.S. benchmark, were down about 6.2% during Monday morning, trading around $79.45 a barrel after a decline of about $5. Brent crude oil prices were down over 3.5% at around $79.30 a barrel.

FORGET GASOLINE: THIS OVERLOOKED FUEL COULD RAISE THE PRICE OF NEARLY EVERYTHING YOU BUY

An oil rig at sunrise

Oil prices fell on Monday on the prospect of a deal to end the Iran war. (Todd Korol/Reuters)

A spokesman for Iran’s foreign ministry said in a report by Reuters that no negotiations with the U.S. were occurring or scheduled, adding that the only ongoing discussions were with Oman over the management of the Strait of Hormuz.

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Oil prices spiked above $110 a barrel earlier this year as the conflict disrupted oil shipments from the Middle East, as tanker traffic plummeted due to the threat of missile and drone strikes by Iran as well as mines laid in the key shipping lanes of the Strait.

AAA NATIONAL GAS PRICE TOPS $4 AMID RENEWED US STRIKES ON IRAN

map of strait of hormuz

The Strait of Hormuz is a key chokepoint for maritime oil flows through the Middle East. (Amanda Macias/Fox News Digital)

Before the outbreak of the conflict, oil prices were in the $60 to $70 a barrel range, and the rise caused gas prices in the U.S. to surge. The national average price for a gallon of regular gasoline was $4.095 as of Monday, up 7% from a month ago and 30% from a year ago, which has pressured household budgets.

Trump wrote in a post on his Truth social media platform that Chevron CEO Mike Wirth gave “all of the reasons that his company is doing so well,” in an interview with FOX Business’ Maria Bartiromo, but added that his administration has helped facilitate that success and urged him to lower prices for consumers.

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WHITE HOUSE, GAS STATIONS POINT FINGERS OVER STUBBORN PRICES WHILE LOCATIONS THAT SLASHED PRICES SEE BOOM

Oil tankers in the Strait of Hormuz.

Oil shipments through the Strait of Hormuz have been severely constrained due to the risk of Iranian attacks. (Giuseppe Cacace/AFP via Getty Images)

“The only thing he conveniently forgot to mention is that, without the genius, foresight, strength, and stability, of the TRUMP Administration, the Oil Industry, and our Country itself, would be DEAD! As an example, they threw Mike and Chevron out of Venezuela, but now they’re back, far bigger and stronger than ever before, expecting to make a fortune! That goes for other Oil Companies as well…and get your consumer (retail!) Oil Prices DOWN, NOW!” Trump wrote.

The White House has previously criticized gas stations for not lowering prices, accusing them of padding profit margins.

Groups representing smaller gas stations and energy marketers have pushed back on the argument, saying that retail prices are linked to oil prices and that they typically decline over several weeks after oil prices decline due to the need to turn over higher-cost inventory.

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Sugar’s natural halo keeping it resilient

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Sugar’s natural halo keeping it resilient

Consumers cutting back on HFCS, not sugar, recent report says.

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Kansai Nerolac Q1 profit rises 5%; approves Rs 601 crore capacity expansion

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Kansai Nerolac Q1 profit rises 5%; approves Rs 601 crore capacity expansion
Kansai Nerolac Paints reported a more than 5% rise in consolidated net profit for the June quarter, aided by healthy demand across decorative and industrial paints. The company approved Rs 601 crore of capacity expansion across three plants.

Consolidated net profit rose to Rs 228.41 crore from a year earlier, while revenue increased nearly 10% to Rs 2,374 crore.

Demand remained healthy in both decorative and industrial paints despite geopolitical tensions and was supported by the delayed onset of the monsoon, managing director Pravin Chaudhari said.

“Looking ahead, we anticipate that demand in both market segments will continue to remain strong despite an erratic monsoon and prevailing geopolitical situation,” he said. “Additionally, Diwali being later this year, should add a fillip to the festive demand,” he said.

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Chaudhari said the geopolitical situation in West Asia disrupted supply chains and sharply increased raw material prices from March. While conditions improved midway through the June quarter, the company would continue to monitor the situation closely.


The company raised prices during the quarter to partly offset higher raw material costs. Total expenses rose more than 10% to Rs 2,116 crore, while consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) increased 7.7% to Rs 335.89 crore.
On a standalone basis, revenue rose 10% to Rs 2,299 crore, while Ebitda increased 8% to Rs 336 crore.The company announced its results after market hours on Monday. Its shares closed 3.6% higher at Rs 203.95 on the BSE.

Capacity expansion approved

The board has approved capacity expansion for industrial paints, powder coatings and industrial resins across three manufacturing facilities.

Industrial paint capacity will be expanded at the Sayakha, Bawal and Hosur plants at an investment of Rs 412 crore.

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“In view of the estimated growth in automotive paint industry, capacity additions are being carried out,” the company said in an exchange filing.

The company will invest another Rs 189 crore to expand powder coating and industrial resin capacity at the Sayakha plant.

The projects will be funded through internal accruals and are expected to be completed in phases by the end of fiscal 2029.

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European shares start August higher on US-Iran diplomacy hopes

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European shares start August higher on US-Iran diplomacy hopes

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Thornburg Municipal Bond Funds Q2 2026 Commentary

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Thoughts From The Muni Desk

Thornburg Investment Management is a privately owned global investment firm that offers a range of multi-strategy solutions for institutions and financial advisors. A recognized leader in fixed income, equity, and alternatives investing, the firm oversees mutual funds, institutional accounts, separate accounts for high-net-worth investors, and UCITS funds for non-U.S. investors. Thornburg was founded in 1982 and is headquartered in Santa Fe, NM. Note: This account is not managed or monitored by Thornburg Investment Management, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Thornburg Investment Management’s official channels.

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CAVA: Growth Is Being Borrowed From The Future – Sell Now Before Q2 Earnings (NYSE:CAVA)

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CAVA: Growth Is Being Borrowed From The Future - Sell Now Before Q2 Earnings (NYSE:CAVA)

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Investing wisely does not have to be rocket science. It is about discipline and running the numbers. You don’t have to be like a grandmaster chess player playing the game twenty moves ahead of your opponent, you just need to understand how the pieces work.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Rise Baking completes acquisition of Jimmy’s

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Rise Baking completes acquisition of Jimmy’s

Commercial baker expands capabilities in cookie category. 

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$360M, highest domestic opening ever

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'Spider-Man: Brand New Day' box office: Record $72M preview sales

Tom Holland stars as Peter Parker, aka Spider-Man in Sony and Marvel’s “Spider-Man: Brand New Day.”

Sony

There’s a new king of the domestic box office.

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Sony and Marvel’s “Spider-Man: Brand New Day” webbed up more than $360 million during its opening weekend in the U.S. and Canada, breaking the record for the highest-grossing debut of all time. The previous record was $357 million, set by “Avengers: Endgame” in 2019.

Globally, the latest Spider-Man installment tallied $932 million, shy of the $1.2 billion record still held by “Endgame.”

The Tom Holland-led “Brand New Day” kicked off with record-shattering Thursday preview sales and snared $169.3 million on Friday, including presales, and $101.5 million on Saturday. Sony had initially projected an $84 million Sunday, but moviegoers flocked to theaters, driving ticket sales to $88.7 million for the day.

The film’s opening weekend also marked the biggest opening weekend in Sony Pictures history and the biggest debut for the Spider-Man franchise.

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The feat comes even as “Brand New Day” was boxed out of Imax screens, which were snapped up for Christopher Nolan’s and Universal’s “The Odyssey.” Rival premium large formats thrived, however, as Dolby Cinema, ScreenX and 4DX all reported record-breaking ticket sales over the weekend.

“Brand New Day” is on pace to be the fourth billion-dollar film of 2026, joining Pixar’s “Toy Story 5,” Lionsgate’s “Michael” and Universal and Illumination’s “The Super Mario Galaxy Movie.”

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California Democratic Party supports billionaire wealth tax proposal

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California Democratic Party supports billionaire wealth tax proposal

The California Democratic Party is supporting a proposed one-time wealth tax on billionaires of up to 5%.

Californians will decide whether to adopt the proposal during the 2026 midterm election.

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The party’s executive board voted in favor of backing the proposal on Sunday, according to The Sacramento Bee.

BILLIONS IN TAXPAYER INCOME ARE LEAVING TWO ICONIC STATES — AS A NEW ECONOMIC MAP EMERGES

"BILLIONAIRE TAX NOW" signage

A supporter with the Billionaire Tax Now coalition holds a placard during a media briefing in Los Angeles on April 27, 2026. (Frederic J. BROWN / AFP via Getty Images / Getty Images)

The San Francisco Standard reported that according to Jane Natoli, who sits on the party’s resolutions committee, an initial vote barely failed to clear the 60% bar required for ratification, earning 59.2% support. But another vote cleared the threshold, scoring about 61.7% support, the outlet noted.

As the close votes demonstrated, Democrats are divided on the issue.

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SOME RICH CALIFORNIANS ARE GIVING AWAY CASH TO SKIRT THE STATE’S PROPOSED BILLIONAIRE TAX

Voting booth in California

A voting booth as a voter casts their ballot at a polling location inside Echo Park Branch Library during a primary election in Los Angeles on Tuesday, June 2, 2026. (Kyle Grillot/Bloomberg via Getty Images / Getty Images)

U.S. Rep. Ro Khanna, D-Calif., supports the proposal.

But Gov. Gavin Newsom, who is term-limited from running for re-election, has said he will vote against it

CONSERVATIVES FLIP SCRIPT ON NEWSOM AFTER HE DEMANDED 25TH AMENDMENT FOR TRUMP: ‘PROPPED UP A VEGETABLE’

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California Gov. Gavin Newsom

California Gov. Gavin Newsom speaks during a press conference for a bill signing for a housing affordability reforms event in Oakland, California, on July 13, 2026. (Tayfun Coskun/Anadolu via Getty Images / Getty Images)

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“But I’m voting no because this measure dedicates almost all of the revenue it raises to a single category of state spending,” he wrote in a June Substack post. “So here is what I support: A national billionaires’ tax. A true minimum tax on billionaires — a modern Buffett Rule — that ensures the people at the very top pay at least the tax rate their own workers pay.”

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