Manchester City Council, New East Manchester and Manchester City Football Club have today signed a formal agreement to redevelop 200 acres of east Manchester.

The three parties have formed a joint development board to redevelop the area around the City of Manchester stadium, the home of football club Manchester City and its stars including Carlos Tevez (pictured). The agreement creates a partnership between the three to redevelop the area with a commercial scheme. Work is now underway to improve the amenities on the Sportcity site.

In the medium to longer term, the board will also look at proposals for the commercial development of land held by the three parties.

The combined interests of the land held by the three parties represents a total of around 200 acres, including the existing Sportcity campus and 59 acres of land in Openshaw West owned by Manchester City Football Club.

Sir Richard Leese, leader of Manchester City Council said: “The collective strength of the Council and the club, two very ambitious partners, will be the engine of economic growth and will build on the regeneration work already in evidence in the area.”

He added: “The City of Manchester Stadium has also been a credit to the city and this further investment will enable local people who can work to work, will give our young people the best possible start in life and will make east Manchester a place in which to work, invest, live and visit.”

Simon Bate, Chair of New East Manchester said: “This agreement is truly pivotal for this area. It will gives us the chance to restore economic dynamism to east Manchester, enabling businesses, local residents and football supporters alike to benefit from future investment.”

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