Quote: Michigan red "Wasn't the £13,000,000 including the building of the infrastructure and units surrounding the stadium?
A council doesn't always make money on every project though, some are investments in the future of certain areas, if they sold up getting serious new coffers into the bank and then the area was invested in my the Doc/Peel then surely they have done the job we all expect a council to do for the local community?'"
As far as I'm aware, the stadium cost £26 million, so the city's share was the £13 million.
I think the problem is that for the city to sell up, it would have to recover that outlay or the letters page in the Advertiser would go ballistic, but, given that the stadium makes a loss, why would anyone pay that much for it? And it isn't really benefitting the local community. Salford Red Devils is a private business. Would you be happy to see the city build a £13 million superstore and then sell it to Tesco for less than that? It's the same situation. In the long run, the presence of that stadium or that superstore may bring some limited regeneration to the area, but at the cost of giving a huge amount of council tax payers money to a private business, which doesn't look good.