Decision

1. That the progress on the Old Trafford Regeneration work be noted, including the conclusion of the Options Report attached at Appendix 1 to the report and the findings of the Economic Impact report attached at Appendix 2.

1. That the feasibility and potential benefits of the establishment of a Mayoral Development Corporation for the Old Trafford Regeneration area be explored.

1. That the benefits of a Mayoral Development Zone for the western Gateway, in partnership with Salford City Council, be explored.

1. That an updated Strategic Masterplan be prepared for the wider Wharfside / Old Trafford Regeneration area subject to securing necessary funding.

1. That the area shown on the Plan at Appendix 3 to the report be adopted as the boundary of this Masterplan and for the potential Mayoral Development Corporation.

1. That appropriate mechanisms for the coordination and funding of infrastructure within the Old Trafford Regeneration area be explored.