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FORUMS > The Virtual Terrace > When do the Skeletons come out?
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Quote: BillyRhino "Yes, I cannot honestly see the developers wanting the hassle of running the place once they have finished putting up all the warehousing, so I would expect the council simply to say, Thank you very much, and pats on the back all round.'"


So however you look at it , if the council [ or a council company ] end up running and recieving rental from the Newmarket stadium , then the council have provided that stadium

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would not pay too much attention to billy starbug, he is merely amusing himself with a bit of friendly banter.

its not going to be built or run by the council. it will be run and operated by the community trust.

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Quote: captaincaveman "would not pay too much attention to billy starbug, he is merely amusing himself with a bit of friendly banter.

its not going to be built or run by the council. it will be run and operated by the community trust.'"


So the council then icon_wink.gif

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Quote: Starbug "]

So the council then
I could be wrong but i dont think the community trust has anything to do with the council, and iirc is listed as a charity.

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Quote: Starbug "]

So the council then
No, a trust run by Sir Rodney Walker in the case of Wakefield.

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Quote: Gronk! "No, a trust run by Sir Rodney Walker in the case of Wakefield.'"


Who picks up the ' tab ' if there is a shortfall between income and expenditure ?

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Well I knew we couldn't make it to a full week after the licence announcements before the Cas/Wakefield stadium conversation came up.

Cas situation: awaiting planning permission on Wheldon Rd so that funds to build the approved stadium at Glasshoughton can be released
Wakey situation: awaiting the results of a public enquiry before submitting for full planning permission

Neither licence was granted on the promise of new stadia.

I hope that clears it up, but I'm sure idiots will continue to spout nonsensical rubbish on here about the subject.

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Quote: Starbug "Who picks up the ' tab ' if there is a shortfall between income and expenditure ?'"

Not the council. It is nothing to do with them.

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Quote: Starbug "So however you look at it , if the council [ or a council company ] end up running and recieving rental from the Newmarket stadium , then the council have provided that stadium'"


No. The developers will have financed and built it. Wakey Council members will be queing up if/when it's completed to get their faces on TV come opening day. Whilst happy to pick up any kudos going they will not want to be stung for any extra financial outlay incurred by the beastie.

I suspect that a part of the service charge on the acres of new Wharehousing/businesses will be ring fenced to pay for the running of this Astrodome, but to ensure there's clear water between it and Wakey council, there will be some sort of Community Quango set up to take the fall if it all goes tits up.

Wakey Council will of course have a big say in its operation, and naturally all those extra rateable properties will be contributing to their coffers.

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Quote: BillyRhino "No. The developers will have financed and built it. Wakey Council members will be queing up if/when it's completed to get their faces on TV come opening day. Whilst happy to pick up any kudos going they will not want to be stung for any extra financial outlay incurred by the beastie.

I suspect that a part of the service charge on the acres of new Wharehousing/businesses will be ring fenced to pay for the running of this Astrodome, but to ensure there's clear water between it and Wakey council, there will be some sort of Community Quango set up to take the fall if it all goes tits up.

Wakey Council will of course have a big say in its operation, and naturally all those extra rateable properties will be contributing to their coffers.'"


All this assumes that the revenue from the site will provide enough income to pay for the running of the stadium

Basically it is either a private venture , ie there will be somebody who will either make profit , or lose money

Or run by a council co , and it will be them that stands any shortfall

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I think this is the first skeleton to emerge!



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Quote: Starbug "]

So the council then
False. Inaccurate. Erroneous. Amiss. Incorrect. Awry.

I can't think of any more ways to tell you that you're wrong. I can however think of one really good way to tell you that you're an idiot - you're an idiot.

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Quote: bren2k "False. Inaccurate. Erroneous. Amiss. Incorrect. Awry.

I can't think of any more ways to tell you that you're wrong. I can however think of one really good way to tell you that you're an idiot - you're an idiot.'"


Call me all you want

But it is still a simple question

All this assumes that the revenue from the site will provide enough income to pay for the running of the stadium

Basically it is either a private venture , ie there will be somebody who will either make profit , or lose money

Or run by a council co , and it will be them that stands any shortfall

In any venture like this , there HAS to be somebody that will ultimatley sign the cheque , who will that be ?

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Quote: Starbug "Call me all you want

But it is still a simple question

All this assumes that the revenue from the site will provide enough income to pay for the running of the stadium

Basically it is either a private venture , ie there will be somebody who will either make profit , or lose money

Or run by a council co , and it will be them that stands any shortfall

In any venture like this , there HAS to be somebody that will ultimatley sign the cheque , who will that be ?'"


In your simple world, where sitting at home all day hitting refresh on RLFans and boring everyone to death with split-quote essays on issues you know nothing about is considered to be a meaningful achievement, there may only be two legal entitities that can manage this proposed community facility. In the real world however, we don't always deal in absolutes.

Once again, for the hard of thinking, WMDC will have no involvement in owning, operating or funding this facility, beyond the initial land parcel that was made available as loan security.

How hard can it be to understand?

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Quote: bren2k "In your simple world, where sitting at home all day hitting refresh on RLFans and boring everyone to death with split-quote essays on issues you know nothing about is considered to be a meaningful achievement, there may only be two legal entitities that can manage this proposed community facility. In the real world however, we don't always deal in absolutes.

Once again, for the hard of thinking, WMDC will have no involvement in owning, operating or funding this facility, beyond the initial land parcel that was made available as loan security.How hard can it be to understand?'"


So who does ? , and how do they fund any shortfall ?

108 posts in 8 pages 
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