Quote: BillyRhino "Talking to a guy who reckoned it would cost circa £20 million to build a 12000 seater to a decent standard. Which begs the question in these financially straitened times.....who exactly is going to cough up that money?
The developers rlYorkcourtrl don't appear to be exactly rolling in it, and are already late in posting figures for 2012..... A private finance company maybe, who can see an opportunity? .....will Glover be sticking his hand in his pocket?
Obtaining Full Planning Permission might have been the easy part of the equation. Obtaining a suitable financial package could be a tad more challenging.'"
Well firstly, the figure for this one is £19m, so I am sure even you will not argue over a £1m.
As for who is going to cough up the cash, well the same people that were always going to be paying... but possibly maybe some companies that have remained in the background a little until now.
I wouldn't worry about Yorkcourt accounts too much, because they are reasonably irrelevant. They, like most developers, won't be spending their own money but will be spending it on behalf of other investors and those investors will be getting a favourable return and Yorkcourt (& others!) will take their profit cut as well.
That all said, a large slice of the money was never coming from the developer but from other sources, such as Sport England and of course now Wakefield College.
There is indeed still plenty of work to do to access identified funding, no doubt, but in September I think exactly what the developers contribution is going to be and how that is condition will be know and equally, we might find that new names & companies pop -up & join the party as partners!
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