Quote: Mild Rover "It’s in the interests of the SMC/City to retain their political leverage for as long as possible, I strongly suspect. As the clock runs down, the sirens start to sound much louder on the council’s side. The longer SMC-City wait, the more they’re likely to get.
And, yes - discussing how to negotiate a deal to maximise benefit to one’s own side is slightly painful for me at the moment.'"
Yes that's what I'd assume. I guess there are 3 leases in play - head lease between Council and SMC, sublease between SMC and City and sublease between SMC and FC. Not sure how the sequencing would work on these, nor whether they all have the same expiry dates. Either way can't see any substantial investment incoming unless/until this security is in place.