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Barton Flyer wrote:texted my son to say light at the end of the tunnel, unfortunately it was a train coming! Re:- Rovers v Salford 29/03/09 HFC Boy wrote:Hull FC have not risen to the Challenge of Hull KR . Success consists of getting up just one more time than you've fallen down.:d7dc4b20b2c2dd7b76ac6eac29d5604e_35704.jpeg



Quote: Mrs Barista "In a capital expenditure constrained environment, probably wise not to commit the contingency on unnecessary acceleration.

You've not answered my question yet, cockle, you must have missed it, so can you clarify the funding aspects as keenly as you have done the programme timeline?

You said, I think, that the project would not cost the Hull taxpayer a penny. Bits of information we've had since include the following. The estimated cost of the whole thing was estimated at £6m at ERDF application time. £4m of it was eligible for funding (the training centre, against which a grant of £2m was provided), leaving a balance of £2m on the training centre bit, and £2m on the stand itself. I know the costs have gone up since, but is it the case that Rovers will repay the £2m on the stand part (or whatever the latest estimate for this part is) and the other tenants will repay the balance?'"


The funding is a three way split between a private partner Hull training and ERDF, if key targets are met the ERDF elements are not repayable,
The Hull training aspect was funded through Government Grant for what it says on the bottle Hull Training,
The other third was raised against the project by prudential borrowing, which HKR are to start paying back after 6mths from the opening, so in answer to your question Hull City Council are exposed to a 1/3 risk but have not and will not spend any taxpayers money on the project as long as the payment shedule is met.
I will not and can not disclose the values and timescales involved as it involves private companies, only that my original statement that it won't cost the tax payers of Hull anything still stands true.

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If there is no struggle, there is no progress. Those who profess to favor freedom, and yet depreciate agitation, are men who want crops without plowing up the ground. They want rain without thunder and lightning. They want the ocean without the awful roar of its many waters. This struggle may be a moral one; or it may be a physical one; or it may be both moral and physical; but it must be a struggle. Frederick Douglas:d7dc4b20b2c2dd7b76ac6eac29d5604e_30596.jpg



Sounds like very good and imaginative work to keep construction workers in and around Hull in work.

The sort of thing that should be applauded.

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Quote: phil webbo "The funding is a three way split between a private partner Hull training and ERDF, if key targets are met the ERDF elements are not repayable,
The Hull training aspect was funded through Government Grant for what it says on the bottle Hull Training,
The other third was raised against the project by prudential borrowing, which HKR are to start paying back after 6mths from the opening, so in answer to your question Hull City Council are exposed to a 1/3 risk but have not and will not spend any taxpayers money on the project as long as the payment shedule is met.
I will not and can not disclose the values and timescales involved as it involves private companies, only that my original statement that it won't cost the tax payers of Hull anything still stands true.'"

Thank you Phillip. Sorry to be a bit slow, I'm getting on a bit. A couple of questions:
Hull training is funded through a government grant - do contributors to that grant pot include taxpayers?
Presumably the "opening" date will be 29th July, so nothing payable by Rovers until 2014. Do the council repayments on the prudential funding start in 2014 also and does the prudential funding attract interest?
On the 1/3 risk, what happens in a worst case scenario that Rovers default and ERDF targets aren't achieved?

It's quite complicated. Good job you're in charge.

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OMG.... Mrs B you`re like a dog with a bone......


give it a rest for god sake...... d040.gif

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Quote: KR RRTR KR "OMG.... Mrs B you`re like a dog with a bone......


give it a rest for god sake...... The amusing thing is if a rovers fan mentions their shower we get called obsessed!

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Quote: KR RRTR KR "OMG.... Mrs B you`re like a dog with a bone......


give it a rest for god sake...... icon_biggrin.gif

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He was right in the end:



Quote: phil webbo "the stand will be open for the last two games, and the new hospitality will be ready for the world cup, the club are happy with this.'"

So thats no playoff games for you then?

Club happy with this

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He was right in the end:



Quote: Mrs Barista "In a capital expenditure constrained environment, probably wise not to commit the contingency on unnecessary acceleration.

You've not answered my question yet, cockle, you must have missed it, so can you clarify the funding aspects as keenly as you have done the programme timeline?

You said, I think, that the project would not cost the Hull taxpayer a penny. Bits of information we've had since include the following. The estimated cost of the whole thing was estimated at £6m at ERDF application time. £4m of it was eligible for funding (the training centre, against which a grant of £2m was provided), leaving a balance of £2m on the training centre bit, and £2m on the stand itself. I know the costs have gone up since, but is it the case that Rovers will repay the £2m on the stand part (or whatever the latest estimate for this part is) and the other tenants will repay the balance?'"

Dont forget the NHS funding which was moved from the east extension to the North Stand.....

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einstien said insanity is when a person does the same thing over and over again but expects a different result:



Quote: Mrs Barista "It's polite and entirely on topic.'"

in a nutshell it cost less than the 40 odd million the kc cost to build with the people of hulls money

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Quote: fun time frankie "in a nutshell it cost less than the 40 odd million the kc cost to build with the people of hulls money'"

Off topic.

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Quote: Mrs Barista "Off topic.'"



Thought so icon_biggrin.gif

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'Thus I am tormented by my curiosity and humbled by my ignorance.' from History of an Old Bramin, The New York Mirror (A Weekly Journal Devoted to Literature and the Fine Arts), February 16th 1833.:d7dc4b20b2c2dd7b76ac6eac29d5604e_33809.png

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Quote: Mrs Barista "The thread is 24 pages and is the third one on this topic. I hardly think me asking a couple of questions to clarify the extent of public financing and underwriting is outrageous when we've got the expert in the house, so to speak.'"


We've been over it repeatedly.
I point out that we'd be happy to eliminate the risk by taking on a rental agreement using the same model as the KC and its tenants. You point out that that was windfall cash, I fail to see that as an important distinction, some gormer maybe wades in with the 'you had your chance to play there and refused, please kindly shrivel up and die' argument.
Your point is accurate - it just isn't very good. Certainly from our pov.
Worst case, every man, woman and child in Hull, stands to lose about the price of 20 B&H. So if we default there'd be a public health benefit as well as the consolation for taxpayers of a particularly partisan black and white persuasion of celebrating our demise.
It's happening, neither of us want to examine the distinction between paying a commercial rent and having a commercial rental agreement yet again, surely. So let us not. icon_wink.gif

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