Everton FC’s proposed new stadium will be a “landmark for the city”, according to the Mayor of Liverpool.
Joe Anderson hailed the potential significance of a new ground for the Premier League outfit after the club agreed an initial deal with Peel Land and Property for a site at Bramley Moore Dock.
The council is helping Everton draw up a leasing model for the development and will table a recommendation at its cabinet meeting on 31 March for the creation of a Special Purpose Vehicle (SPV) company, which will lease the waterfront stadium from a funder and, in turn, sub-lease it to Everton.
The provisional agreement with Peel marks the beginning of the process which will see Everton eventually vacate its Goodison Park stadium, which has been its home since 1892.
Mayor Anderson, who helped broker the deal between Everton and Peel, says: “I’m delighted that we have got to a stage where the city and Everton can publicly share the vision for the club’s potential new home at Bramley Moore Dock.
“I understand that creating this financial arrangement is a small step in a long journey for the club, but it is the first step and for that reason it is a special moment in the city’s – and Everton’s – long illustrious history. If things progress as we all hope, it marks the beginnings of a new and exciting chapter.
Bramley Moore Dock, Liverpool
“The proposed new stadium will be a landmark for the city’s spectacular north Liverpool waterfront and a powerful statement of intent for the club and the city of Liverpool that will resonate globally.
“From the city’s perspective, the stadium would complement and accelerate the regeneration plans already in place for north Liverpool, much like the way our partnership with Liverpool FC in the Anfield Project did for their stadium expansion which has benefitted the wider Anfield community.”
Tying in with existing regeneration initiatives in north Liverpool, the proposed football ground will bolster developments including Peel’s £5 billion Liverpool Waters and the council’s Ten Streets, and act as a catalyst for further regeneration in the area.
The council will not provide any finance for the stadium under the terms of the SPV, with Everton footing the cost, expected to be in the region of £300 million.
The local authority aims to finalise the heads of terms within the next three months which will enable the Premier League outfit to start work on a formal planning application.