A council report on Everton Football Club’s new stadium has revealed a breakdown of the construction costs associated with the project.
Liverpool City Council’s planning officer’s report, submitted ahead of a meeting next week, reveals the project, won last year by Laing O’Rourke, has a construction value of £505m and is expected to create 8,136 construction jobs. The redevelopment of Everton’s current home, Goodison Park, has been priced at £82.5m and is anticipated to generate 1,382 jobs. The report also suggests the scheme will prompt “wider catalytic” developments in land adjacent to the site with a construction value of £212m.
The wider project figures are significantly less than the estimates made by Everton when it embarked on its initial public consultation. At the time, Everton claimed the scheme could act as a “catalyst project”that would provide a £1bn boost to the local economy, accelerating more than £650m of local developments around the stadium.
The report also confirms that if the scheme is approved construction will begin in the first quarter of this year and run for around three years. The anticipated completion date is 2024 and therefore could be used for the 2024/25 Premier League season. Everton had hoped to begin work sooner, but said inAugust that additional consultation, along with decisions relating to third parties had slowed due to COVID-19 and would delay work until 2021.
The planning officer has recommended that both stadium development projects be approved by the council’s planning committee next Tuesday (25 February). The meeting will be attended by Everton FC chief executive Professor Denise Barrett-Baxendale and stadium director Colin Chong, who will make the case for the project directly to the panel.
If approved, the club’s application will be passed for ministerial sign-off.
In a letter to fans ahead of the meeting, Barrett-Baxendale said she and Chong intended to “underline how important this stadium is – not only to our football club, but also to our city, our region and our country at such an unprecedented time in our history” when they speak to the panel.
The stadium is the flagship project in the Liverpool Waters area of the city being developed by Peel Ports. The club first signed a deal to lease land in the area known as Bramley-Moore Dock in November 2017. The formal agreement runs for 200 years at a peppercorn rent.