Council Assists Football Club’s Stadium Plans
Another premiership club faced with a need to redevelop their stadium have received backing from their local council according to the Wolverhampton Express & Star.
Molineux’s redevelopment into a 40,000-seater stadium took a leap forward today as Wolves were given a 999-year lease on the ground.
The club had asked Wolverhampton City Council for the freehold of the land to progress plans to expand the existing 29,300 capacity, with a hotel and conference centre among the options.
The council did not want to grant the freehold in order to ensure there must always be a football pitch at Molineux.
Details have yet to emerge on Wolves’ expansion plans; but today council leader Neville Patten revealed the club was planning to invest £40 million in improving the stadium and surrounding area, with early proposals including a hotel and conference rooms.
He said club chief executive Jez Moxey had told him of the proposals at a meeting yesterday; “Jez has praised Wolverhampton and said Wolves are looking to spend £40m. I understand they’re in talks with the University over buying some land at the back of Molineux as well.”
Wolves’ owner Steve Morgan bought Peal House, the former Carillion building on the corner of Waterloo Road, in January. The city council last night agreed to extend the lease to 999 years from 125 years. Councillor Patten added: “This means any developers who may want to put money in know that their investment will last.
“It also prevents the stadium from being moved out of the city centre.”
Everton are hoping that Liverpool City Council can assist them in either a redevelopment of Goodison or finding a suitable and appropriate location for a new stadium that has the potential to deliver a significant retail based enabling subsidy even though it has been widely acknowledged that the retail sector is on its knees, exhibits little possibility of recovery in the foreseeable future and local, regional and national policies protecting existing commercial centres, as was seen with the Destination Kirkby application, will ensure any project of this nature will prove challenging.
The council leaders are however supportive of the fans joint initiative “The Football Quarter” details of which can be found on facebook here.