The future of Old Trafford football stadium is in the hands of a taskforce led by Lord Coe and including the leadership of Trafford Council.
The taskforce was announced on Friday (March 8) within weeks of the arrival of billionaire businessman Jim Ratcliffe at Manchester United.
Sir Jim, a co-owner of the club alongside the Glazers, said there is a "once-in-a-century opportunity" for a stadium on the scale of Wembley Stadium in the North of England and said the Old Trafford Regeneration Taskforce, as it is known, is important in seizing this opportunity.
It is to be led by 2012 Olympics organiser Lord Coe and to include the leadership of Trafford Council in the form of chief executive Sara Todd and leader Tom Ross with the aim of bringing together experts at local level and national level to see how the stadium could be to the benefit of the region as a whole.
Lord Coe, a former Olympian and a former MP, said: "Throughout my career in sport, I have seen the potential for stadiums to become focal points for strong communities and catalysts for development.
"This is true of the venues we built in East London for the 2012 Olympics and we are overdue a project of similar scale in the North of England."
The taskforce was announced at around the same time as a consultation on Trafford Council's Trafford Wharfside Development Framework, a framework for the development of the area up until 2040.
The so-called Stadium District is one of a number of districts in the Trafford Wharfside Development Framework, with others including Trafford Wharf, the Heritage Quarter and the Innovation Quarter.
Ms Todd said: "As the plans for the stadium and the Trafford Wharfside area progress we have an opportunity to truly transform the historic industrial 'engine room' of Greater Manchester into a new community and we want to build on the socio-economic benefits this will bring, particularly for local residents.
"We are committed to working with the club, local residents and other key partners to develop these proposals."
The Old Trafford Regeneration Taskforce is set to come up with recommendations. before the end of this year.
This article was written by Jack Tooth. To contact him, email jack.tooth@newsquest.co.uk or follow @JTRTooth on Twitter.
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