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Liverpool stadium faces credit crunch delay

 


Liverpool Football Club’s plans for a £350m stadium development have been further delayed after the club admitted to problems caused by “global market conditions”.


 


Revised plans for the stadium, which is expected to unlock a major regeneration project in the Anfield area of north Liverpool, were granted consent by Liverpool council in May.


 


It was the third time the 60,000-seat stadium had received planning permission.


 


Shortly afterwards, diggers were moved on to the development site at Stanley Park in order to commence ground preparation but construction work has yet to begin.


 


A club spokesman said: “Like many other major development projects in the UK and overseas we are affected by global market conditions and, as such, work on the project will be delayed in the short term.


 


“We will use this period productively and revisit the plans for the stadium to increase its capacity to 73,000 seats.”


 


The project, originally mooted more than five years ago, has been beset by a series of delays.


 


In 2006, the club’s new owners, George Gillett and Tom Hicks, tore up original designs for the scheme and appointed Dallas-based architect HKR to draw up new ones.


 


This week a £5m European Regional Development Fund grant to pay for community facilities was withdrawn and this element of the scheme will now have to be paid for by the club.


 


It remains unclear when work on the stadium will begin.


 


david.quinn@rbi.co.uk


 


 

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