Liverpool’s stadium regeneration and its effects on growth and tourism

2nd March 2020

The latest on Liverpool F. C’s stadium expansion is that plans are in motion to build the existing stand capacity by around 7,000 seats, reaching an overall number of 61,000. After a hugely successful past couple of years, winning the UEFA Champions League title as well as the UEFA Super Cup, and now having a record-breaking Premier League season, this growth should allow some more fans to see some of their favourite players live on the pitch.

Local residents have also been invited to meetings on the stadium’s growth to share any issues and queries that they might have, helping to ensure that construction works are respectful and not disruptive to their everyday schedules. Over 90% of people consulted said that they were happy with the proposals put forward.

Football growth – The effect on the city

The effects of this regeneration on the surrounding city, its economy and tourism are quite clear and noticeable. The ongoing Anfield project has already seen the areas within the vicinity of the classic stadium being improved and built upon, benefitting the local communities, and Liverpool Mayor Joe Anderson said that Liverpool’s Champion’s League victory in 2019 would be worth an estimated £150m in terms of tourism generated for the city as a whole.

RWinvest state in their guide to the city from an investment perspective that Liverpool is one of the most lucrative potential spots in the country right now. Not only are house prices affordable for the first time investor (or even the investor that wants to perhaps diversify and build up their portfolio by investing in an area that they perhaps might not have thought of previously), but the average rental yields are again among the best in the country, with the L1 postcode the only one to reach an upwards of 10% average according to Totally Money. Tourism in the city is also rife and growing alongside the influx of people wanting to come and live there, with popular spots such as the cool Baltic Triangle sector providing an exciting nightlife for those that aren’t perhaps into their football as much.

Bramley Moore Blues – Other football developments

Liverpool F.C isn’t the only world-renowned club in the city undergoing a large amount of development and regeneration at the moment, as there are also massive plans in motion for Everton football club, too. Eventually moving away from their current ground along the road from Anfield at Goodison Park, Everton’s newly planned stadium is set to feature on Liverpool’s waterfront on the Bramley Moore dock. Slated to be ready in time for the 2023/24 season, the stadium will have a 52,000 seat capacity (as opposed to the current stadium capacity which is under 40,000), and the features include a modern spectators lounge and an external steel design that harks back to the history of the docks.

There are also plans in place to preserve the existing history and architecture of the Bramley Moore Dock, which hosts a ton of Grade II listed buildings from the city’s past. Despite what football fan’s feelings are surrounding the two different clubs and their massive rivalry, there is no denying that these developments overall spell good news for the city at large, and ensure that its popularity will continue to soar throughout the 2020s and into the next decade.