OK here goes ......
Alternatives to be considered if funding from other partners and a developer led scheme cannot be achieved :
____________
Option AIncrease the covered, seated capacity of the stadium to 10,000
including new conferencing and hospitality spaces (leaving
10,000 uncovered standing capacity), add new community
sports facilities within the existing stadium site and leave some
space for operator funded hotel or sports retail development
Cost £35.1m____________
Option BFocus the project on the provision of new community sports
facilities within the existing RDSC site, and postpone
replacement or improvement of stadium facilities until a later
phase of development
Cost £22.5m_____________
Option CFocus the project on the provision of new community sports
facilities within the former Northern View Hospital site, and
postpone replacement or improvement of stadium facilities until
a later phase of development.
Cost £29.4m_____________
Option DAdd new stadium roofs to make all existing standing spectator
positions undercover (with installation of seating at a later date),
provide new community sports facilities within the former
Northern View Hospital site and preserve the option for both
operator funded hotel and sports retail development
Cost£39.6m_______________
Option EAdd new stadium roofs to make all existing standing spectator
positions undercover (with installation of seating at a later date),
provide new community sports facilities within the existing
stadium site and leave space for some operator funded sports
retail development
Cost £33.8m_______________
Guaranteed funding so far = Council £15, Yorkshire Forward £4.1m and English Netball £0.2m =
£19.3mPossible other funding considered :
Contribution from the Bradford Bulls (secured against existing stadiumassets) -
£2mPrudential borrowing costs met through reductions in overheads for
combined more efficient facilities (£200k pa) -
£2.8mPrudential borrowing costs met through rental income from partners
occupying space within the sports village (£50k pa) -
£0.7mReceipt for disposal of RDSC site once community sports facilities are transferred to the sports village -
£6.5mPrudential borrowing funded from corporate sponsorship and naming
rights for stadium or stadium facilities -
£?mGround rent (or purchase of a long leasehold interest) for commercial development of a hotel and, or sports related retail -
£?mThe Council have also considered borrowing money up to tune of £3.5m a year in interest payments to facilitate the compliant scheme !!Not as dead as some people would believe ......