FORUMS > Wakefield Trinity > Can you polish one |
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| Quote: jack in the box "If not getting a stadium at Newmarket is the final outcome then there is no question who the real villains are.
However lets not forget after the Thornes Park fiasco, it was WMDC who came up with the Newmarket project.
Its been their 'baby' all along and as a public body who are democratically elected they had it in their power to ensure that it was completed.
If as we all now suspect nothing happens at Newmarket then its not the club or the trust who have been cheated it is the general public of Wakefield and which ever way you look at it, the council should take full responsibility !
Just this week Calderdale Council have been ousted on a no confidence vote. I don't know what's gone on there but this whole Newmarket affair has a stench about it and I for one would like to see the back end of Box and the rest of his cronies for this mess.'"
The labour leader was ousted by the torys and lib dems, now the minority torys lead the council, with other opposition party's, living in Halifax always thought the council lacking
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| Quote: jack in the box "If not getting a stadium at Newmarket is the final outcome then there is no question who the real villains are.
However lets not forget after the Thornes Park fiasco, it was WMDC who came up with the Newmarket project.
Its been their 'baby' all along and as a public body who are democratically elected they had it in their power to ensure that it was completed.
If as we all now suspect nothing happens at Newmarket then its not the club or the trust who have been cheated it is the general public of Wakefield and which ever way you look at it, the council should take full responsibility !
Just this week Calderdale Council have been ousted on a no confidence vote. I don't know what's gone on there but this whole Newmarket affair has a stench about it and I for one would like to see the back end of Box and the rest of his cronies for this mess.'"
The labour leader was ousted by the torys and lib dems, now the minority torys lead the council, with other opposition party's, living in Halifax always thought the council lacking
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| Given that Yorkcourt are extremely short of pots to do their proverbials in then the likelihood of getting anything out of them other than constant BS is slim to none. Newmarket is dead. An upgrade of Belle Vue? Highly unlikely to be anything of real significance without somehow acquiring some other significant outside funding from somewhere, which is unlikely at this stage i would imagine. It certainly won't be from the council, that ship has sailed.
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| Quote: Khlav Kalash "I thought Yorkcourt could apply a number of different planning applications for the NM development, none of which would go toward the achieving the requisite square metres of enabling development before construction of the stadium had to start? If so effectively they would never reach the target.'"
There was the 'built out' clause, so theoretically the developer could build a percentage of the site just short of the trigger point and never have to build the stadium. The rest of the land could then just lie idle for a few years until it was all forgotten about and an application vould be put in the remove the clause. It would then likely be developed for industrial units.
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| Quote: sixtogo "Given that Yorkcourt are extremely short of pots to do their proverbials in then the likelihood of getting anything out of them other than constant BS is slim to none. Newmarket is dead. An upgrade of Belle Vue? Highly unlikely to be anything of real significance without somehow acquiring some other significant outside funding from somewhere, which is unlikely at this stage i would imagine. It certainly won't be from the council, that ship has sailed.'"
Now I'm no expert on property develop but as I understand it from the numerous meetings I've been to it's nowhere near as simple as you make out so I suspect some educated guessing on your part.
Anyway it's nothing to do with pots to pee in for YC. It as far as I can tell works like this. YC wanted the development to work as we did to think they didn't is stupid. But it hasn't and now YC need a plan B which they rather wisely wrote in.
So now they can get their money back though not as much as hoped on a smaller development much more quickly. The leverage the trust holds is the ability to make a large chunk of NM dead real estate. What YC want is to keep that land and free it of restrictions and when NM is up and running and successful as I'm sure it will be sell it on at the top of the market - easy money and costing YC far less than any alternatives.
What Rodney Walker and YC have to come to an arrangement over is what the Trust walking away from NM is worth - and that is quite literally the million dollar question.
Of course YC will need to borrow the money because they won't have the cash themselves that is for certain and where you are probably 100% correct. It's a case of whether they can and whether it's worth it for them and on that none of us know fore sure - but it's a good investment for someone that's for sure. It's like selling anything, if only one person wants it they have the advantage, if more than one are really interested then the seller has the whip hand and again I really don't know the situation and neither do you.
It's worth noting that the revamp of BV was not actually pushed by YC it was an idea floated by a few that found it's way into the Express and forced everyones hand - Rodney Walker as we all know is hugely experienced in these matter so one hope he knows what he is doing.
NM by the way isn't dead and never has been and this is the myth. The problem is nobody can see a way in the current economic climate where it can actually happen for at least 6 years if not more - that is the problem and thus the chances of it being built are about 1%. How this came to be is another matter.
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| '" ]Quote: vastman "Quote: vastman "Now I'm no expert on property develop but as I understand it from the numerous meetings I've been to it's nowhere near as simple as you make out so I suspect some educated guessing on your part.'"
You are correct in that it certainly isn't simple but the broader outlook remains the same, there is a major shortfall in funding for this project and the chances of it appearing are minimal.
Quote: vastman "Anyway it's nothing to do with pots to pee in for YC. It as far as I can tell works like this. YC wanted the development to work as we did to think they didn't is stupid. But it hasn't and now YC need a plan B which they rather wisely wrote in.'"
Of course YC wanted it to work, thats why they went through it all in the first place. But the stadium was always a sweetner to get it through planning in the same way Cas are now doing the same in conjunction with Lateral Property. Don't think for a minute they ever gave a damn about whether the community aspect ever came to being.
Quote: vastman "So now they can get their money back though not as much as hoped on a smaller development much more quickly. The leverage the trust holds is the ability to make a large chunk of NM dead real estate. What YC want is to keep that land and free it of restrictions and when NM is up and running and successful as I'm sure it will be sell it on at the top of the market - easy money and costing YC far less than any alternatives.
What Rodney Walker and YC have to come to an arrangement over is what the Trust walking away from NM is worth - and that is quite literally the million dollar question.
Of course YC will need to borrow the money because they won't have the cash themselves that is for certain and where you are probably 100% correct. It's a case of whether they can and whether it's worth it for them and on that none of us know fore sure - but it's a good investment for someone that's for sure. It's like selling anything, if only one person wants it they have the advantage, if more than one are really interested then the seller has the whip hand and again I really don't know the situation and neither do you.'"
Correct, as I put in my other post replying to someone else. But they are not obliged to pay their share until a certain percentage of the development has been exceeded so by making a smaller amount of money by building just before the required amount they can sit on the land without too much effect and move onto other projects. The best option for the trust is that they sell on the entire development to a company with more financial clout. Nobody knows whether that would happen right now.
Quote: vastman "It's worth noting that the revamp of BV was not actually pushed by YC it was an idea floated by a few that found it's way into the Express and forced everyones hand - Rodney Walker as we all know is hugely experienced in these matter so one hope he knows what he is doing.'"
I was lead to believe that it was our chairman who put the idea forward of redeveloping BV in conjunction with people with connections to a well known building firm that has rugby league links. As you say, lets hope SRW knows what he is doing.
Quote: vastman "NM by the way isn't dead and never has been and this is the myth. The problem is nobody can see a way in the current economic climate where it can actually happen for at least 6 years if not more - that is the problem and thus the chances of it being built are about 1%. How this came to be is another matter.'" '"
I should have said the stadium at NM is dead because it all but is. Some form of build will happen there but it will have nothing to do with a rugby stadium being built. It's Belle Vue or bust and we all need to cross everything that YC somehow come up with some answers as right now a modern stadium for Wakey looks a long way away again. We must be due some luck.
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| Sixtogo, good post
However I think its now well documented that MC and his board always wanted NM as the preferred option. When the truth all comes out I think we will find the seeds of a cheaper development back at Belle Vue were sown by other person(s).
MC being a realist obviously believed NM was never going to happen but had no alternative than to salvage what he could and go along with the Belle Vue option.
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| Quote: bren2k "It didn't - the bulk of the funding was from grants, as has already been pointed out; and I imagine there was someone leading a campaign - those funding bids don't write themselves.
I can't see the point in comparing the two - fight for a stadium by all means, but don't cry foul at The Hepworth; it's been an unqualified success and enjoyed by many more people in one year than will visit a community stadium in ten.
It's Yorkcourt I'm annoyed at - they appear to have done a fine job of fleecing their way out of a legally binding agreement.'"
My apologies, got carried away. I realise that a significant amount of funding for the Hepworth was from grants, but there was also a decent amount from WMDC including the money from the sale of Yeadon Airport. I am very happy with the profile the facility gives the City, but then I am also proud of the profile that a certain RL club has given as well!
The point is that they can find funds when they want to, which suggest they don't want to with regard to a stadium that is supposedly largely funded from a development they led us to because they had already failed to provide the funds for a stadium they were going to build.
From fully built stadium to zero, at the stage, this is where we are with our beloved council. Add that to the failure to ensure that the 106 provided the safeguards to provide the funding for the stadium and I think we can see a general level of incompetence that others can only aspire to.
Our stadium, including even what we have now, is under threat. We are working on it and we may need your support to help protect it. More meetings are planned.
As for Yorkcourt, well....
Nothing is inked in, nothing written out at this time.
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| Quote: TRB "
The point is that they can find funds when they want to, which suggest they don't want to with regard to a stadium .'"
That was also my point when I made the initial comparison. I like you am in admiration of the Hepworth, it was just unfortunate that it was ideal example to highlight the council duplicity. I hope Bren can forgive us but realise we were well meaning
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| Quote: TRB "My apologies, got carried away. I realise that a significant amount of funding for the Hepworth was from grants, but there was also a decent amount from WMDC including the money from the sale of Yeadon Airport. I am very happy with the profile the facility gives the City, but then I am also proud of the profile that a certain RL club has given as well!
The point is that they can find funds when they want to, which suggest they don't want to with regard to a stadium that is supposedly largely funded from a development they led us to because they had already failed to provide the funds for a stadium they were going to build.
From fully built stadium to zero, at the stage, this is where we are with our beloved council. Add that to the failure to ensure that the 106 provided the safeguards to provide the funding for the stadium and I think we can see a general level of incompetence that others can only aspire to.
Our stadium, including even what we have now, is under threat. We are working on it and we may need your support to help protect it. More meetings are planned.
As for Yorkcourt, well....
Nothing is inked in, nothing written out at this time.'"
Regarding the funds i guess its the age old excuse is whatever the council give to us they have to match to Cas and Fev and right now given the cuts every bit of spend has to be justified. With the Hepworth the visitor numbers speak for themselves so the council have a fall back position. We just don't have the pulling power and our reputation isn't all that great given the financial events of recents years. Their incompetence cannot be defended though.
As for Belle Vue that sounds ominous. I'm guessing it means that the developers are sniffing around the bank of Ireland regarding a sale for housing? I suppose in their minds it is theirs to do with what they wish. Wasn't someone trying to have the covenant removed on the ground?
And Yorkcourt? I would say there is sod all chance they'll cough up a dime more than they are legally forced to. And they'll probably try wriggling out of that as well.
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| I'd be happy securing Belle Vue for the clubs future use at this moment in time, any development of the ground would be a bonus.
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| The point being that one way or the other, through incompetence, naivety or just bad luck, WTW is being shafted once again; and because so few people in the City give a damn, there won't be any public or media brouhaha to embarrass those responsible into action.
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| Quote: bren2k "The point being that one way or the other, through incompetence, naivety or just bad luck, WTW is being shafted once again; and because so few people in the City give a damn, there won't be any public or media brouhaha to embarrass those responsible into action.'"
I wouldn't bet on that!
We've shown once before that, when united in cause, we can achieve something. We can and will become a nuisance again, if it comes to it!
The next few weeks are crucial in that respect!
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| Lets not forget this is more than a WTW matter it was a community stadium with community facilities. A massive amount of planning gain has been provided and a 106 should have put significant funds back into the community as a result. Many people from all sectors of the community spoke at the enquiry in support of this and they have also been let down.
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| What are we going to do about it,can we organise ,protest rally,petition,we can not let them ride roughshod over Commuity Trust.
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