Everton takes big step forward towards new stadium

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After years of false starts, it appears as if Everton will finally build a new stadium in Liverpool. The English Premier League club has acquired land on the Bramley Moore Dock site, and has been supported by Liverpool City Council to act as guarantors for the loans required to fund the £300 million project.

It’s not a done deal yet that Everton will leave Goodison Park, its home ground for the past 125 years.

The club will present a report to Liverpool City Council in early April that will outline the creation of a Special Purpose Vehicle (SPV) company with the local authority. If approved, lenders would acquire a 200-year head lease of the land and lease the stadium to the SPV, which would sublease it to Everton for 40 years. Everton would have an option to acquire the head lease for the remaining 160 years.

The new Everton stadium is being designed by Dan Meis.

 

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