daodao
Established Member
Moderator note: Split from https://www.railforums.co.uk/threads/manchester-metrolink-trafford-centre-extension.171586/
On 19/3/20, in post 124 of the thread https://www.railforums.co.uk/threads/manchester-metrolink-trafford-centre-extension.171586/ I stated "A most unfortunate time to be opening a new service to the Trafford Centre - I wonder whether the launch will be cancelled. The anchor store in the Trafford Centre (Selfridges) closed down only yesterday and Intu (who own and run the Trafford Centre) are in financial difficulties; the Coronavirus pandemic is likely to push them over the edge. Nearby entertainment facilities and the Imperial War Museum North have now closed for the foreseeable future. This new tram line could become a white elephant."
It does seem with the imminent bankruptcy of Intu and likely long-term closure of the Trafford Centre that the Trafford Park line, which presumably has seen little use in the last 3 months, will indeed become a white elephant.
Trafford Centre could be forced to shut as owners prepare administration plan
Owners Intu Properties has appointed KPMG to prepare a contingency plan as it is locked in crunch talks
www.manchestereveningnews.co.uk
Trafford Centre owners Intu have warned that the shopping centre could be forced to shut - as it appointed KPMG to prepare a contingency plan for administration.
Intu Properties remains locked in crunch talks with lenders as it struggles with £5bn debts after being hard hit by debt and the coronavirus pandemic.
The group, which also owns the Lakeside shopping centre in Essex, confirmed today it has put KPMG on standby as administrator and is negotiating details with lenders as it looks to secure vital breathing space ahead of a deadline on Friday.
On 19/3/20, in post 124 of the thread https://www.railforums.co.uk/threads/manchester-metrolink-trafford-centre-extension.171586/ I stated "A most unfortunate time to be opening a new service to the Trafford Centre - I wonder whether the launch will be cancelled. The anchor store in the Trafford Centre (Selfridges) closed down only yesterday and Intu (who own and run the Trafford Centre) are in financial difficulties; the Coronavirus pandemic is likely to push them over the edge. Nearby entertainment facilities and the Imperial War Museum North have now closed for the foreseeable future. This new tram line could become a white elephant."
It does seem with the imminent bankruptcy of Intu and likely long-term closure of the Trafford Centre that the Trafford Park line, which presumably has seen little use in the last 3 months, will indeed become a white elephant.
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