Re: Ground work : Thu May 12, 2011 11:52 am
TypingMonkey wrote:
Tedious as it is to go over this whole thing again, I have to ask about the funding position (don't dismiss me straight away... I'm a Cas fan not a troll).
We keep hearing about how the NM build is 'funded' and GH isn't, but to me the position looks exactly the same on both projects.
NM is only fully funded if their plans get approved by central government AND THEN they get full planning permission.
Richard Wright has stated on the club website that the GH build WILL BE fully funded subject to planning permission being granted for the retail outlet on Wheldon Road.
How are the two any different? Neither club has the money to build without their funding partners, and their funding partners won't cough up the dough without a pending planning approval. Neither planning application has a firm date yet.
We keep hearing about how the NM build is 'funded' and GH isn't, but to me the position looks exactly the same on both projects.
NM is only fully funded if their plans get approved by central government AND THEN they get full planning permission.
Richard Wright has stated on the club website that the GH build WILL BE fully funded subject to planning permission being granted for the retail outlet on Wheldon Road.
How are the two any different? Neither club has the money to build without their funding partners, and their funding partners won't cough up the dough without a pending planning approval. Neither planning application has a firm date yet.
That is a very good assessment. The only point to pick up on is that the Newmarket PI does now have a time-table. The public hearings will be in December 2011, the planning inspector is expected to submit his report to the SoS in Jan/Feb 2012, with a decision from the SoS expected March/April. This could move yes, but is unlikely that it will.
PS. Reserved matters, like the GH reserved matters, would then be a formality for both Newmarket and Wheldon Road (although I heard rumour they were going for a full application on Wheldon Road)