A MAJOR piece of funding for Rotherham United’s new community stadium is now in place, meaning football can now come home to the town.
Rotherham Council’s cabinet has agreed to loan the football club £5 million towards the cost of the £17.3m stadium.
The club is trying to raise more than £12m from other sources.
The new 12,000 seater stadium planned for the former Guest and Chrimes site is a major part of the regeneration of Rotherham and will provide state-of the art facilities for football fans on matchdays and for schools, community groups and businesses to use at other times throughout the year.
Rotherham United chairman Tony Stewart said: “From day one of my tenure at Rotherham United Football Club, Rotherham Council has been as determined as I to make this happen, not just for the Football Club but for our town.”
Council leader Coun Roger Stone said: “The new community stadium is a key to the regeneration of Rotherham town centre.
“We have always supported the club and the wish to have Rotherham United back playing in the town.
“It’s fantastic that a local entrepreneur and the club are prepared to invest so much in the town and leave such a positive legacy.”
He said the terms of the agreement meant there will be no cost to council taxpayers.
Work to prepare the site has begun and construction of the stadium itself is due to start soon. The Stadium is due to open at the start of the 2012/13 season.