CBRE report adds to Everton’s waterfront case
Everton FC’s proposed new stadium at Bramley Moore Dock will provide a GVA contribution of more than £900m to the local economy according to figures produced by CBRE, which is working with the club on the project.
CBRE said that the construction phase of the scheme could see more than 12,000 jobs being made available, with more than £255m estimated to be spent locally through supply chains and other service costs during the same period.
Once completed, it said that the stadium, which would be the centrepiece of the north docks area within Peel’s Liverpool Waters, could provide an annual £94m to the city through hotel occupancy and increased retail and tourist spend.
Iain Jenkinson, senior director of planning and development at CBRE said: “This is a once in a generation opportunity for Liverpool to embrace one of the most significant regenerative investments the city has ever seen.
“The economic contribution, the catalytic effect it will have on surrounding neighbourhoods, and the equally important Goodison legacy project make this a package of projects a game-changer for the city.
“In addition, it will further enhance the city’s international reputation for delivering major transformational projects on such a large scale.” The legacy project could see parts of the existing stadium converted for school and community facilities.
CBRE estimates that more than £32m of local income will be generated from the housing scheme that would be developed along with the stadium, delivering an annual return of £1.53m in council tax receipts. The firm also said that the business rates generated and paid locally from the wider development will see more than £6.8m a year produced for Liverpool City Council.
A new rail link to the Bramley Moore Dock area is under consideration by Liverpool City Council and the Liverpool City Region cabinet, which would add to an ongoing infrastructure investment programme that already includes highway improvements and new facilities for cruise liners and ferries.
Ian Pollitt, assistant project director at the £5bn Liverpool Waters, said: “Everton’s investment in Bramley Moore Dock will play a key role in helping us to deliver Liverpool Waters’ vision in what we anticipate to be an accelerated timescale – whilst truly animating our development proposals.
“Everton’s new stadium will bookend Liverpool Waters perfectly with the existing Princes Dock neighbourhood, which is located at the city end of the scheme. We’re looking forward to welcoming developers on site in Princes Dock in late 2017 or early 2018 to start constructing three new residential schemes.”