This week, the city council and Peterborough United Football Club announced the next stage in the club’s plans to move its stadium from London Road to a more central location.
As part of a Memorandum of Understanding that was signed by the club and the city council this week, potential sites for its new home include the Embankment and other nearby sites in the Local Area Development Framework.
Regular readers of my column will know about our City Centre Development Framework and how we have ambitious plans to provide our city with the retail, leisure and culture that it needs for the next 50 years by attracting inward investment.
Just as a new University will boost our cultural offerings and a transformed train station with better pedestrian access into the city centre will improve our connectivity, a new stadium for the Posh would benefit our whole city.
Our shared vision is to create a new home for Posh that has everything it needs to sustain its playing at a higher level and to work its way through the leagues over the coming years. This new state-of-the-art stadium would also be designed to be used for conferences, concerts, exhibitions and events, which in turn will attract new business, tourism and investment to Peterborough.
Already the club brings in over £7million of revenue to our city each year, boosting our tourism, creating local jobs and improving the health and wellbeing of over 1,000 young people from our communities each week. A new stadium would only increase the benefits for city and residents.
We will now be working closely with the football club to find a suitable location and next steps to achieve this shared aim – watch this space for further updates!