Quote: JINJER "Sandal cat, do you really think the council are gonna borrow £12M based on the fact that the club are gonna pay the interest and more importantly the council will chase the developers of Newmarket (Yorkcourt) and the developers of BV (88M) for the full cost, I'm sorry here but that really isn't feasible, in fact it's plain embarrassing to expect it. Please feel free to fill me in on why they should/could because I just don't see it.'"
To answer your question then NO.
Maybe because they know that Yorkcourt have no intention of building/funding a stadium and equally the Council have no intention of making them comply with the planning consent (i.e. Newcold) so they already know the consequences of borrowing the money.
If they had any intention of seeing a stadium built and felt that Yorkcourt would fulfill the promise they made at the PI then Michael's offer is a good one.