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FORUMS > Wakefield Trinity > Council withdraw Cas stadium funding offer
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Quote: Felis Silvestris "I think you are being optimistic there IA if you think wmdc will be bringing anything positive forward to cabinet in April. I refer to my earlier post on page 2, we live in unprecedented times in terms of public sectors cut backs. I dont see mention in the recent council budget report, 27feb, that leads me to think any differently. Priorities have changed. Im sure future wmdc help will not be financial, hope I'm wrong.'"


It is not what we are being told but equally it still has to go before the next cabinet meeting so we will see what happens then. The money for both clubs, we again understand, will ultimately be made available from WMDC's Icelandic Bank refund money after the Icelandic bank collapse. As such, this money is not within budget & sits in surplus. As such, giving either club the money will have no impact on council spending or budgets. The only argument for not using this surplus cash for this purpose would be that the council should use this money to prop up items that they have been forced to cut from the budget by central government cuts. So it is this, nothing, or something else, nothing will suffer as a direct result if this money was made to either club.

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Reserved matters to go in by 4th April according to Jimmy Elston. Bit quicker than we were expecting and should hopefully give the council a nudge to renewing the deal.

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Quote: Theboyem "Reserved matters to go in by 4th April according to Jimmy Elston. Bit quicker than we were expecting and should hopefully give the council a nudge to renewing the deal.'"


We understand so and they are on track to meet that date we are told. Once the reserved matters are in, and then approved of course, that is the whole planning side of things done and dusted.

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Quote: Inflatable_Armadillo "We understand so and they are on track to meet that date we are told. Once the reserved matters are in, and then approved of course, that is the whole planning side of things done and dusted.'"

Go on then i'll ask. Any chance that it won't be anything other than a virtual formality?

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Quote: Theboyem "Go on then i'll ask. Any chance that it won't be anything other than a virtual formality?'"


Assuming they don't want to paint it and outrageous colour, you know, something like black and amber, then it is just a formality. icon_wink.gif

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Quote: Inflatable_Armadillo "It is not what we are being told but equally it still has to go before the next cabinet meeting so we will see what happens then. The money for both clubs, we again understand, will ultimately be made available from WMDC's Icelandic Bank refund money after the Icelandic bank collapse. As such, this money is not within budget & sits in surplus. As such, giving either club the money will have no impact on council spending or budgets. The only argument for not using this surplus cash for this purpose would be that the council should use this money to prop up items that they have been forced to cut from the budget by central government cuts. So it is this, nothing, or something else, nothing will suffer as a direct result if this money was made to either club.'"





Thanks for the information IA.

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I'm seeking a bit of clarity here. The £2 million, wasn't that in the form of land to borrow money against and in essence a loan?

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Quote: Inflatable_Armadillo "Assuming they don't want to paint it and outrageous colour, you know, something like black and amber, then it is just a formality. Come off it, we all know they'll never be a new stadium built anywhere in those colours! icon_wink.gif

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Quote: Trinity Till Death "I'm seeking a bit of clarity here. The £2 million, wasn't that in the form of land to borrow money against and in essence a loan?'"


It was originally and then it became a cash offer from this pot of money.

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Quote: Inflatable_Armadillo "It was originally and then it became a cash offer from this pot of money.'"


Thankyou IA, i must have missed that update. So in reality, providing we satisfy the council with our plans, progression and predicted completion date in April we should essentially still be able to tap into these funds?

As such, they haven't been withdrawn from either club just the original date has expired and thus must be reevaluated to determine whether they are appropriate for either team

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And obviously the longer it goes without it being used, the more likely it is that it will get spent on something else. So sooner the plans are passed the better.

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Quote: Trinity Till Death "I'm seeking a bit of clarity here. The £2 million, wasn't that in the form of land to borrow money against and in essence a loan?'"


That element of the deal ended a while ago. Now we are talking about investment directly from the council. It's not as if the council won't themselves benefit from the scheme overall in terms of rates etc, and we have helped them achieve that!

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Quote: Trinity Till Death "Thankyou IA, i must have missed that update. So in reality, providing we satisfy the council with our plans, progression and predicted completion date in April we should essentially still be able to tap into these funds?

As such, they haven't been withdrawn from either club just the original date has expired and thus must be reevaluated to determine whether they are appropriate for either team'"


Spot on! icon_thumb.gif

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Wouldn't rule anything in or out in terms of what may or may not be on offer from the council. I'm sure there are twists and turns in this stadium saga still to come.

In these times of spending cuts it just goes to show what a pipe dream the 60 odd million council funded Thrones Park Stadium would have been.

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Quote: Jason "Wouldn't rule anything in or out in terms of what may or may not be on offer from the council. I'm sure there are twists and turns in this stadium saga still to come.

In these times of spending cuts it just goes to show what a pipe dream the 60 odd million council funded Thrones Park Stadium would have been.'"



No doubt we'll still have a few hurdles to jump but the council will do what they need to do for the city of Wakefield and all its residents.

58 posts in 5 pages 
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Subscribe | Moderators: Admin, PopTart , kinleycat , Wildthing
58 posts in 5 pages 
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Subscribe | Moderators: Admin, PopTart , kinleycat , Wildthing



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