Though the newest stand of London Road is barely 5 years old, Peterborough United are already planning a brand new stadium. It may come as soon as mid-2022, if the club's announcements come true.
Last week the city council and Peterborough United reached a memorandum of understanding about pursuing plans for a new stadium. The project is included in the City Centre Development Framework, which will see the area just north of London Road stadium revitalised in phases.
London Road, currently known as Weston Homes Stadium, currently holds just over 15,000 people and is too small for the club's aspirations. For some time The Posh have been aiming for something closer to the 20,000 margin.
The land agreed upon lies just across the river Nene, within the Embankment, major public green area used for concerts and other festivities. It's said that initial layout of the new stadium would see capacity of 17,500 with an option to expand to 23,000 when demand is sufficient.
Perhaps the most surprising part of this announcement is the expected delivery date. According to Peterborough United, it could be ready in time for the 2022/23 season, which leaves less than 2.5 years for delivery. At the same time The Posh confirm that planning is at the earliest stage, which leaves both the design and bureaucracy to be completed before actual construction can begin.
Because there's no detailed design as of yet, it's not easy to estimate how much the stadium might cost. Preliminary estimates by the club suggest it would be around £40 million (€48m).