Ok he's told the developer to 'put up or shut up', about time!

Unless I've missed it, what's he gonna do if the developer does shut up?

Box? Same as he's done already, probably.

That seems to me like a very good plan.
12 million for a Community Stadium for the benefit of the people of Wakefield is not a huge amount for the council to borrow . It would get things moving and surely there would be grounds to sue Yorkcourt if they didn't cough up?

Where did I ask them to loan the club 10 million?

Well, the trust then. I'd love it if they did but surely the council aren't gonna be in the business of loaning that kind of money to anyone in the current climate?

He's not asking the council for the money re-read DC's initial comment.

Well the council would still have to shell out £10 million towards a stadium, which pretty much everyone in the district just sees as our stadium rather than a community stadium, with no guarantee of getting it back. Most people in the district wouldn't be happy, which is what the council are interested in.

Everyone I know is behind you and know you will make the right decision for Wakefield.

Financially, the council has plenty of money in reserves and could fund this without breaking a sweat. I have spoken to one councillor and told him that the council could make a name for themselves by doing just that. Politically it will never happen because of the backlash from Cas and Fev and the total Castleford bias on the Council top hierarchy. With regards to YC paying for this it is not going to happen as they have no money. I know this from the horses mouth.

Without Walker stepping back in we had a route to a deal and a timescale of the end of July. The council promised us it very publicly and the developer had no where else to go. We had an 'amicable' meeting with the developer not 3 weeks ago, and then this. The only reason for Rodney doing this is to fudge the whole issue and deny us the opportunity to control the terms of any agreement - if indeed there is one at all!
We had an agreement - a UU granted under section 106 - which proved to be of dubious value. Any agreement reached now needs to have our own legal advisors scrutinise it before we will accept it.
We have called them all to deliver what they have promised - do we believe they will, and on agreeable terms - not so much, but we are prepared to eat that humble pie.
What we do take issue on is the 'merging' of Trusts. There is one Trust, and it is the one named in the UU. Rodney has been invited back onto that Trust and, we see no reason why he cannot deliver what he has promised through that Trust, nor why any other Trust, that does not legally exist at this time, should be either acknowledged or accepted by WMDC as the vehicle for delivering a Stadium.

Well said that man.

You also need to realise the difference between capital monies and revenue monies. The loan would be capital money of which they can borrow plenty. They borrowed 33 million for the new road.

They would then receive more money back then its costing them in interest which could be ploughed into other services. Therefore everyone actually wins!!

Sounds like the perfect plan to me, all parties get what they want. From what I know I cant see a valid reason for the council not agreeing to that

I'm sure they could borrow £10 million if they really wanted but what if Yorkcourt just stopped before they hit the trigger point? I think it'd be different if we were the only team in the district, unfortunately we're not.

Excellent plan isn't it. Council can borrow money on the cheap so they fund the stadium which gets built ready for the 2019 season which enables the Club to comply wilth SL deadlines and minimum standards. In turn they set up legally binding agreements with Developers to make their contributions based on the substantial planning gains they are making which pays off the loan and any interest so it doesn't cost the Council a penny.

The only valid reason for them not agreeing to it is maybe they have no faith that they will receive the contributions so are not prepared to take the risk.