From
the BBC: Leicester City's new stadium moved closer to completion
today- a year ahead of schedule - after funding for the project
was approved.
The
club is buying a new 22-acre site from electricity generator
Powergen at Freeman's Wharf, and permission has been given
for a 32,000-capacity stadium. Part of the money will come
from the Teachers Insurance and Annuity Association, which
has approved £28m to help pay for the purchase and development
of the site.
Leicester
City have announced that work is set to commence this month
and means the forthcoming season will be the club's last at
Filbert Street. Filbert Street has already been advertised
for sale and there has been interest in the site.
Steve
Kind, Chief Operating Officer and Finance Director of Leicester
City Plc, said:
"The
Board is delighted that we are in a position to announce a
start date for the new stadium build and wishes to place on
record its appreciation to all third parties concerned who
have assisted throughout the project to date.
"It
is the Board's view that this is an historic and crucially
important matter to all associated with Leicester City Football
Club.
"The
stadium development will provide a platform that should assist
and benefit the club in improving its regional and national
status, and assist the future development of all aspects of
the football and commercial operations of the club."
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