On 12 August 1981, of Trafford Park – along with Salford Quays – were declared an Enterprise Zone by the UK government, in an attempt to encourage new development within the estate. The new status did little to reverse the park's fortunes however; during a 1984 House of Commons debate, Member of Parliament for Stretford, Tony Lloyd, described the area's decline as "spectacular and disastrous". The target had been to create 7,000 new jobs over 10 years, but by 1986 only 2,557 had been created, not even enough to compensate for the ongoing job losses caused by closures within the park. On 10 February 1987 the Trafford Park Development Corporation was formed to assume responsibility for a Urban Development Area that included not only Trafford Park but also parts of Stretford, Salford Quays, and the former steelworks at Irlam, now known as Northbank. Of the four redevelopment schemes undertaken by the corporation one, Wharfside, included of the eastern end of the park as well as part of the ship canal docks and the area around Manchester United F.C.'s Old Trafford football ground to the east of the Bridgewater Canal. The intention was to build "a flagship site" containing prestigious accommodation for offices, shops, and "hi-tech" industries, capitalising on the area's proximity to Manchester city centre and mirroring the earlier success of the redevelopment at nearby Salford Quays.