Man City sign £1bn regeneration deal

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Manchester City Football Club is at the centre of £1bn plans to redevelop a 200-acre site around its Eastlands home.

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Wow money really is no object if they can afford to do this
 
Ive heard it may do good for the community?

but in any case I dislike this club and the ammount of money they have is more disturbing than anything else.
 
Deano said:
Ive heard it may do good for the community?

but in any case I dislike this club and the ammount of money they have is more disturbing than anything else.
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Why are you complaining that a foreign man is investing in our country? :S It's a good thing.
 
I am not complaining about him investing in our country...:/

I never said that so not quite sure how you came to that conclusion mate.
 
Only 1billion spent that in 3 hours in the auction game last nite.
 
They should invest that money and buy United, then maybe they have finally a chance at a title.
 
Deano said:
This is the best post I've seen in awhile
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Possibly talking about Leeds? looking at who he supports.

Though if it is Manchester United, who have won the title for the last two years, maybe he's deluded.
 
What a good way to remind everyone you have the most money.
 
Obviously shows a long term commitment to the club if they are investing 1 Billion in the surrounding area, they may not win titles now but it won't be long.
 
The area round there was already earmarked for government, local council and EU money when they were proposing the 'super casino' idea. Now that's not happening, then it's Manchester City's new owners who'll be getting the benefits.

This isn't the new owners pumping in a billion pounds to continue to regenerate a formerly run-down part of Manchester - this is the taxpayer continuing to fund something that would have happened with or without Manchester City's new owners. The new owners are just getting some nice perks for putting in a bit of their own cash - new training facilities plus possible stadium expansion without having to worry that the city council will veto the planning applications. You're just starting to see why they thought Manchester City was a good investment for them (edit: especially if they manage to get ownership of their stadium as a result of this....).

So it's a bit 'meh' for me - wouldn't be too surprised if there was an inquiry into whether this is the right use of public money (much as Everton's Tesco stadium proposal was subject to), although I'd guess that the government will want to let it sail through after the messing about over the super casino plans.
 
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Tbh some of the area needs development, some of it's quite run-down. If it benefits the community then fair, but it wont be without some benefit for City's owners.
 
At least there putting money into the area, I think they should be commended on that, especially when we are just coming out of a resession, I am sure an imput of £1billion will help the surrounding area aswell as the jobs it creates.
 
It's mainly new social housing to replace some of the old tower blocks (which I've no problem with them doing at all) which is the benefit for the community, isn't it? Got a mate who lives round the corner from Eastlands on one of the estates there and he's getting new windows and a new kitchen as part of it all. He's pleased as punch :D But can't see this creating jobs in the area in anything like the numbers to replace what's been lost in just over the past year within the Manchester boundaries - it'll be mainly contractor work for the building projects, not permanent jobs. Mind you, the Old Trafford area is having a load of money pumped in just up the road by Salford council with their whole 'media city' project so I guess it's only fair that Manchester's club get something to smile about too ;)
 
These people got wealthy by being is the right place at the right time, where the oil was, but become rich because they know what they are doing. Ok it will help the community but at the end of the day it will be lining their pockets in the long run. I have not got a problem with that – we all go to work to earn money right.
 
Good news for the city of Manchester, wish Liverpool had this sort of money to play with...
 
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