Coventry City is aiming to develop a new 45,000-seat stadium with Argent, the property group.
The club intends next month to seek planning consent for the scheme, which includes a stadium with retractable roof, a hotel and a retail park. The intended site is a former gasworks at Fonthill, on the outskirts of Coventry.
The old stadium at Highfield Road is expected to be sold for housing development. The new stadium is expected to cost £45m to build and £15m to fit out. The project is being funded largely through government grants, Coventry’s own resources and investment by Argent.
- The Times 17/11/97 page 49
