bigalf wrote:
How will getting planning permission suddenly conjour up £19million to pay for a Stadium?
The developers have agreements with investment bankers, other banks and financial institutions to fund the build of the whole development. If the whole development does not get planning permission then York Court Properties will not build anything at all, meaning no stadium for Wakefield Trinity.
However....
When planning permission is granted the funding package will be triggered with the stadium being the first part of the development to be built. The developers have cleverly worked closely with WMDC, offering to solve the districts sporting facilities issues as well as providing Wakefield Trinity with a new stadium and hence relieving WMDC of another headache.
In return the council have been very much " onside" in terms of helping the developers to navigate the red tape. Without bending any rules, ignoring legislation or breaking any laws . The council have greased the wheels of the application process and any government investigation into this development will meet with nothing but comprehensive enthusiasm for this development from the council.
That's not to say that the development company have been relieved of any of their responsibilities in terms of meeting their obligations, what they have had is the benefit of the council's advisers when it comes to dotting all the I's and crossing all the T's of their planning application.
to the r.f.l.
