Homes and shops could be built as part of the major Cambridge United stadium revamp
The club has asked the Greater Cambridgeshire Partnership for help redeveloping the stadium.
Homes and 25,000 square feet of retail space could form part of the plans to redevelop the Cambridge United stadium.
A spokesman for Cambridge United has said they are hopeful that a feasibility study into the redevelopment of the Abbey site will be carried out by the Greater Cambridgeshire Partnership (GCP), in order for the project to progress.
The GCP were approached by the club and asked for help in bringing forward the revamp.
The redevelopment would see the stadium remain at the current site, as well as the opportunity for ‘several hundred’ residential units and around 25,000 square foot of retail and community workspace to be built.
GCP officers are asking their board for up to £50,000 to fund a feasibility study to understand how its involvement in the scheme could deliver ‘key additional benefits.’
Subject to the outcome of the feasibility study and independent financial advice, the GCP believe they have the potential to:
– Enable the delivery of key worker housing on a scheme where it wouldn’t otherwise come forward due to viability issues.
– Ensure the development that comes forward on the Abbey site is of a very high design and quality standard.
– Influence a positive transport policy that would deliver on core GCP objectives. The club have already said that they are keen to include a public transport policy in the new development and the GCP could work with the club to ensure that is aligned with any public transport plans along the Newmarket Road corridor.
In Autumn 2017, stadium developers Wrenbridge shared with GCP officers their viability assessment for the redevelopment which, despite being in its early stages, presented a clear viability gap.
According to the assessment, the costs of developing a new stadium at the time put at risk the inclusion of affordable housing in the development scheme.
While acknowledging that they are still at the start of this process, the club said they will do everything they can to try and make the new stadium a reality.
‘The club has been in detailed discussion with potential partners regarding the stadium redevelopment for some months,” a spokesman said.
“It is a positive sign that GCP are now looking at the viability of key worker housing on the Abbey site.
“We have always been clear that any new Stadium development should be an asset for the city, the community as well as the club.
“We obviously hope that this feasibility study will be approved by the GCP board and can help unlock the project. We also recognise we are still only at the start of a process. It is complex and a lot of hard work would lie ahead.
“The club has consistently said over recent months that it sees a new stadium as vital to its long term future. The club will continue to do everything it can to help try to make it a reality.”
Developers Wrenbridge added: “Wrenbridge Sport and Grosvenor have been working in partnership with Cambridge United Football Club to explore various feasibility options for redevelopment of the Abbey Stadium.
“The feasibility studies have focused on a mixed-use scheme including a new stadium, residential units and some commercial space.
“Wrenbridge Sport has an extensive track record of delivering new stadia. Current projects include York Community Stadium, Scarborough Leisure Village and Brentford Football Club.
“We are currently exploring the funding options to deliver the scheme and have opened a dialogue with GCP as part of this process.”
The proposal makes up part of the agenda for the Greater Cambridge Partnership Joint Assembly on Thursday, June 14 at 2pm at the Cambridge Guildhall.