15th December 2007
Liverpool are reviewing plans for their new stadium in Stanley Park after estimated costs continued to escalate with concerns that the final figure could reach £500million.
American co-owners George Gillett and Tom Hicks revealed an ambitious new design for the 60,000-seater arena, with a potential capacity of almost 80,000 in the years ahead, after gaining control of the club nine months ago and were granted planning permission last month.
Chief executive Rick Parry said that he hoped building work could begin next spring with a projected opening for the start of the 2011-2012 season.
But now Gillett and Hicks, who have a great deal of experience of developing commercial and sports sites in their own country, are studying proposals again with advisers to decide whether to downgrade the current plans or revert to the earlier scheme with modifications.
Talks about a new stadium started more than seven years ago.
When the first design was drawn up five years ago, the estimated cost was £80m.
http://www.dailymail.co.uk/pages/liv...n_page_id=1779
nothing from the club or anything concrete but obviously it does make sense that large scale lending would be greatly effected by the current trends i world markets. I imagine they'll come up with the money from somewhere.
Liverpool are reviewing plans for their new stadium in Stanley Park after estimated costs continued to escalate with concerns that the final figure could reach £500million.
American co-owners George Gillett and Tom Hicks revealed an ambitious new design for the 60,000-seater arena, with a potential capacity of almost 80,000 in the years ahead, after gaining control of the club nine months ago and were granted planning permission last month.
Chief executive Rick Parry said that he hoped building work could begin next spring with a projected opening for the start of the 2011-2012 season.
But now Gillett and Hicks, who have a great deal of experience of developing commercial and sports sites in their own country, are studying proposals again with advisers to decide whether to downgrade the current plans or revert to the earlier scheme with modifications.
Talks about a new stadium started more than seven years ago.
When the first design was drawn up five years ago, the estimated cost was £80m.
http://www.dailymail.co.uk/pages/liv...n_page_id=1779
nothing from the club or anything concrete but obviously it does make sense that large scale lending would be greatly effected by the current trends i world markets. I imagine they'll come up with the money from somewhere.