New Liverpool FC Stadium – Progress

If Liverpool Football Club can get the investment in time, building work on the new Stanley Park stadium can start in 2007. According to a report in The Times,  Liverpool City Council indicated it would ratify a decision to lease the site when it meets this Friday. If building work starts in 2007, the target is to open the new 60,000-seat stadium for the 2009-10 season. The project’s cost has risen to £215 million, three times the initial estimate, with £26 million coming from the public sector, £15 million from Objective One European funding and the rest from LFC, which is seeking investment vehicles which satisfy the other project backers.