The damage done by SMC/Allam's is massive, not just to FC as a club and the fans but much beyond that, whilst its not been a complete waste, the local authority washing their hands of their asset was shameful and has cost them and the tax payers significant sums year on year. I see it as a constant and gradual asset strip and deliberately and systematically devalue the asset you wish to acquire.
As of October 2020 financial report SMC has £16.2M debt, managed to create another £2M debt last year though that was actually lower than 2019 financial year!

First of all what a great projection that is and what great home it would make for us. Sadly it will never happen Costello was our best bet, but although a goer at one time, that didn't get that far at all.

As for the bit above in bold that was exactly what happened when the Stadium was first opened I actually attended a lot of meeting with residents and ward councillors from Walton Street Albert Avenue Selby St and St Georges Road as the council gauged what their involvement in the Stadium would be as it was built . They held meetings and social event in the stadium when it opened and there was a certain amount of involvement from the community and I honestly think they appreciated it. They in fact used the sports Hall a lot on a subsidised basis.

There were monthly meetings between the clubs the Council and the community to facilitate the partnership too. Both clubs provided tickets for these groups in the first couple of seasons as well. It was a model community stadium.

The problem was back then that although a lot of the officers and the community wanted the Council to run the venue and manage it there had been a change of political complexion in the City just before the KC was finished and the new Council's policy was that a management Company be put in to run it.

They believed that it was a fine idea in theory as it meant the council could pass on the maintenance of the stadium to the company but that was the sticking point. The Council put it out to tender but in practise there were a lot of new stadiums rock venues and arenas etc coming on stream across the country and none of the major companies felt the KC was a viable proposition to take on. The only solution was for the clubs to run it between them, but Richo didn't want to do it at all it wasn't his thing and so Adam took it on and set up the SMC. The trouble was it wasn't set up as a neutral separate company, economies of scale made it more sensible to set it up as part of Hull City. Back then everything was amiable and everyone got on. We had a 50 year lease (reviewed after 25 years [iand we should worry about that[/i) and so we were happy with the arrangement. At the time Richo and Adam got on really well and everything ran smoothly it was only when the SMC was sold on with City that the trouble started.

The dream of a community stadium was the ideal principle on which to base the facility which was in any case built with the communities money but it was, as an ethos destined to disappear. As has been said had we had a separate SMC everything would have been fine however without it we have had problems ever since Adam sold City, what's more whilst the current owners of Hull City are in place we always will have them.

Yet they were asking a potential buyer of Hull City 5m for the SMC on top of what the they valued Hull City at

And that £5M includes the debt no doubt, I wonder how much the Allams are taking as salaries from the SMC, either way it's clear from the state of the pitch and the stadium as a whole that they are deliberately and systematically running it down whilst accruing more debt.
The fact the council relinquished all overseeing of the stadium has bitten everyone in the behind, but the insidious and cowardly way the Allams' have acted is beyond reprehension. The KC could have been a proper community asset, something that contributed significantly whilst being at the very least cost neutral.

All of the issues that have cropped up are what makes people feel that we should move away and have our own stadium even if that is impossible. I like the stadium a lot, I think it is near perfect as a rugby stadium aside from maybe having some standing facility in the cop ends, the views are excellent for virtually everyone and the enclosed aspect makes it more inviting than open ended box stadiums as well as weather protection for fans IMO.

it's just massively frustrating and angering how things have panned out due to mismanagement and responsibility relinquishment.