£2 Billion Renovation Plans
Chelsea Football Club has taken a significant step forward in their plans to renovate Stamford Bridge. The club has proposed a £2 billion renovation project for the stadium and could find out their fate as early as this week.
Following nine weeks of negotiations with local residents, a presentation is scheduled for Wednesday to reveal the results. These discussions were part of the club's bid to acquire a £50 million site next to Stamford Bridge.
Deal with Veterans' Charity
Chelsea reached an agreement with the veterans' charity Stoll in July to purchase most of the Sir Oswald Stoll Mansions, a two-acre site that adjoins Stamford Bridge. This deal would open up the possibility of a complete reconstruction of the stadium.
One of the main objectives of the renovation plans is to increase the capacity of Stamford Bridge from 42,000 to at least 55,000. However, Chelsea still needs approval from local residents and a nearby GP surgery before the deal can be finalized.
Giant Lion Sculptures
Owner Todd Boehly has also submitted plans to the council to place two giant lion sculptures outside Stamford Bridge. The proposal, estimated to cost around £2 million, would replicate the lions featured on the club badge.
Preference for Renovation
It is understood that Chelsea would prefer to renovate Stamford Bridge rather than move to a new site. Previous plans to relocate to Battersea Power Station were met with opposition from fans. If planning permission is granted, construction on the new stadium is expected to take five years, during which time Chelsea would have to find a temporary home.
Potential Temporary Homes
Possible temporary locations for the club to play during the construction period include Twickenham, Wembley Stadium, and Fulham's Craven Cottage. However, a final decision on this matter has yet to be made.
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