| FORUMS > Castleford Tigers > Pont & Cas exclusive |
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In this week’s Express Castleford Tigers’ chief Richard Wright reveals plans to sell its ground for a supermarket development in a deal which would secure funding for its new multi-million pound stadium.
Will have to wait until tomorrow to read the full story - wonder what wakie will have to say
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Might be able to help you on that. I have been told and this is very reliable and genuine. Castleford have terminated the deal with Ben Bailey homes some weeks ago. They have engaged a development company who specialise in developing land for supermarkets. The land value is much greater than if it was for housing.
It does sound as it is very good news for you and good luck.
We could do with a bit of good luck. but our new owners are starting to make their mark and we cannot be ruled out of anything.
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Goodbye all. It was nice knowing most of you.: |
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Just for a bit of confirmation rlclick hererl
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George Bush says 'we are losing the war on drugs'. Well you know what that implies? There's a war going on, and people on drugs are winning it! Well what does that tell you about drugs? Some smart, creative motherfookers on that side.":23517.gif |
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May I refer one particular rather negative Wakefield poster to the thread where I stated he would be eating his words within the next couple of weeks.
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Between the Lobbies and the Pies:Black Backgrounds/Statler.gif |
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| Quote: Therailwayendisuponus. "May I refer one particular rather negative Wakefield poster to the thread where I stated he would be eating his words within the next couple of weeks.'"
So are things signed sealed and delivered or is this just a plan??? Do we have an interested party or interested parties??? |
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Let's hope this pulls off. It could only really be with Sainsburys as we already have the other big ones in the area? Still, in a sad way it'll be yet another thing to kill off the town centre.
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| Quote: DJ KYLE THOM "Let's hope this pulls off. It could only really be with Sainsburys as we already have the other big ones in the area? Still, in a sad way it'll be yet another thing to kill off the town centre.'"
It wont stop Morrisons & Tesco wanting in because they're in Ponte, moving into Cas will give them more customers because I suspect some people go to Asda just because it's the closest. |
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"I'm sorry, but I would hope that we would beat Cas with a 1 day turnaround."
An arrogant Wigan fan a few days before we stuffed them 18-4 at the JJB.:d7dc4b20b2c2dd7b76ac6eac29d5604e_42181.jpg |
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Nothing is sorted yet whatever becomes of this...
Hope its positive but there's a long long way to go yet
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the vast majority of us Wakefield fans will wish you well... except of course, when you play against us...
I really hope this works out for you!
Cas and Trinity (and Rovers for that matter) forever... sharing and merging... never!
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| Quote: Gaslight "It wont stop Morrisons & Tesco wanting in because they're in Ponte, moving into Cas will give them more customers because I suspect some people go to Asda just because it's the closest.'"
It's not up to them. There's a law preventing the companies to have a huge supermarket in every town.... hence why i said Sainsburys. It's why we're seeing "Express" shops opening up all over the place as it's a loophole. |
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[img:32iwt8q2]http://img.photobucket.com/albums/v623/fullyitfc/cas-4-1.jpg[/img:32iwt8q2]:d7dc4b20b2c2dd7b76ac6eac29d5604e_12205.png |
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| its the year of the TIGER... we should all  and  and give the ceo the  and say  to wheldon road and wakey |
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[b:876tpu3k][size=100:876tpu3k][color=green:876tpu3k][i:876tpu3k]Getting older is mandatory; growing up is optional.[/i:876tpu3k][/color:876tpu3k][/size:876tpu3k][/b:876tpu3k]
[quote="tb":876tpu3k]I agree with Bonzo[/quote:876tpu3k]
[quote="Inflatable_Armadillo":876tpu3k]I like you Bonzo, you are my kind of person... [url=http://dictionary.reference.com/browse/sensible:876tpu3k]sensible[/url:876tpu3k]![/quote:876tpu3k]
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You have to applaud the club's determination in attempting to secure the best price for it's current assets and RW's honesty in explaining why the build has been delayed. If a slight delay means having the whole stadium built in one phase, I think that's a positive thing.
My interpretation on the article is that they're actively in the process of seeking planning approval for the scheme and that the agreement with the buyer is already in place, and presumably subject to the scheme being approved by the council.
Good news and hopefully this will move quite quickly now it's been announced.
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[b:1swa1vwo]Change is inevitable
...except from a vending machine![/b:1swa1vwo]
[quote="BillyRhino":1swa1vwo]So in best IA mode ..<.Possibley World Class, could be the greatest thing since sliced bread....am personally very excited, and confidently expect him to prove my predictions are bang on target.... Alternatively he could be rubbish>
IA mode off.  [/quote:1swa1vwo]:33791.jpg |
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| Quote: Fully "www.castigers.com/article.php?id
Good news.
To give people the background to this type of deal Opus are looking to develop the site as a developer shell supermarket scheme. As such, they effectively will do a deal with a Supermarket (and they will talk to several) to develop a supermarket on this site on their behalf. This is a reasonably a common sort of deal, although the bigger supermarkets do prefer to develop sites themselves where possible (the majority), because they can do it more cost effectively this way! However, they will always consider the developer shell route if they think the site is good and they do save the cost at the front end, as the developer is the one that will have to fund planning, the SI works etc and that of course is at the developers risk. The 'supermarket' will then buy or long-term lease the 'shell' from the developer, this is where the developer makes his money/profit. A preliminary deal is usually done with a supermarket prior to the planning application going in and the developer agrees to developer the shell to that supermarkets developer shell specification (which they all have).
It would appear that Opus are confident (and they have already held meetings with WMDC it would seem) that they can pull this deal off but this is clearly going to take them the majority of this year (these deals take at least 6 months to years sometimes to pull off) to sort. I would expect that Opus have done a deal with Cas for the land on the basis of this deal being completed successfully and then Opus (and there development partner) will advance Cas the money for the site, to allow them to build GH.
It would appear that they are still hoping to get this sorted by the end of the year, so they can start on site at GH in early 2012, but it might take a little longer, so people should not (in this case) be overly worried if it does take a little longer. If they can pull this off (and while I am sure they are confident these deals are not done till the ink is dry on the contracts!) they it would be a great deal and realise a much higher sale value for the site than for housing.
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| Rank | Posts | Team |
| International Chairman | 12415 | No
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| Feb 2002 | 23 years | |
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974.jpg
[b:876tpu3k][size=100:876tpu3k][color=green:876tpu3k][i:876tpu3k]Getting older is mandatory; growing up is optional.[/i:876tpu3k][/color:876tpu3k][/size:876tpu3k][/b:876tpu3k]
[quote="tb":876tpu3k]I agree with Bonzo[/quote:876tpu3k]
[quote="Inflatable_Armadillo":876tpu3k]I like you Bonzo, you are my kind of person... [url=http://dictionary.reference.com/browse/sensible:876tpu3k]sensible[/url:876tpu3k]![/quote:876tpu3k]
[img:876tpu3k]http://www.rlfans.com/images/sigs/cas.gif[/img:876tpu3k]:974.jpg |
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| Quote: Inflatable_Armadillo "<snip>'"
Thanks for the background fella - that's very useful information.
As it stands Cas has only one major supermarket (ASDA) which is ludicrous for a population of around 40,000. Compare that with Selby (population of around 14,000) which has three major supermarkets and it would suggest this is something that Cas desperately needs. |
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