The Club is aiming to safeguard the future of cricket at Old Trafford and, with its partners Trafford Metropolitan Borough Council and Manchester based Ask Developments, it is exploring an opportunity to deliver an exceptional sports led regeneration of the stadium and adjacent area.
The scheme would include the provision of a new leading-edge stadium for 20,000 seats with conferencing and banqueting facilities, hotel, education, training and other sports related activities.
LCCC Chief Executive Jim Cumbes said: "Since the announcement that LCCC wishes to stay at Old Trafford we have received considerable support from cricket enthusiasts from across the country and overseas - this is testament to the brand which Old Trafford has in world cricket.
"Lancashire has been at Old Trafford since 1864. The response from our membership and cricket lovers recognises the contribution that the club makes locally to the economy through visitor attraction, image, marketing and employment in the Borough.
"With our development partner Ask Developments, we have been working on what the composition of the total scheme will be. At the heart of it will be the new stadium with its core facilities but there also needs to be secured the supporting development on adjacent land which will provide the means to fund this major international sporting initiative."
Various options for development are now being considered but it is clear that for this large scale project to succeed, the development partners will need to consider a mixed-use scheme of significant proportions and quality with offices, residential, retail, leisure and other supporting development.
Added Mr Cumbes: "While there is still much work still to be done the combination of LCCC with Ask Developments working with Trafford Borough Council provides a very strong team to deliver a project of such significance.”
Ask Developments has previously been involved in delivering high quality regeneration schemes in Manchester including Barbirolli Square, the Malmaison Hotel and Deansgate Locks. The company is currently developing Central Park - the UK's first large-scale mixed-use urban business park just 1.5 miles from Manchester City Centre and has been selected in partnership with Kerzner International as the developer for the £260m Sportcity scheme in east Manchester. The company also has an extensive portfolio of mixed-use schemes including Rossetti Place in Manchester, and the industrial park, Park 66 in Bury, as well as developing shopping and retail centres in Gorton, Urmston and Bury.