Re: Odsal Sporting Village : Thu Mar 25, 2010 5:57 pm
BM wrote:
Guaranteed funding so far = Council £15, Yorkshire Forward £4.1m and English Netball £0.2m = £19.3m
Possible other funding considered :
Contribution from the Bradford Bulls (secured against existing stadiumassets) - £2m
Prudential borrowing costs met through reductions in overheads for
combined more efficient facilities (£200k pa) - £2.8m
Prudential borrowing costs met through rental income from partners
occupying space within the sports village (£50k pa) - £0.7m
Receipt for disposal of RDSC site once community sports facilities are transferred to the sports village - £6.5m
Prudential borrowing funded from corporate sponsorship and naming
rights for stadium or stadium facilities - £?m
Ground rent (or purchase of a long leasehold interest) for commercial development of a hotel and, or sports related retail - £?m
The 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 ......
Possible other funding considered :
Contribution from the Bradford Bulls (secured against existing stadiumassets) - £2m
Prudential borrowing costs met through reductions in overheads for
combined more efficient facilities (£200k pa) - £2.8m
Prudential borrowing costs met through rental income from partners
occupying space within the sports village (£50k pa) - £0.7m
Receipt for disposal of RDSC site once community sports facilities are transferred to the sports village - £6.5m
Prudential borrowing funded from corporate sponsorship and naming
rights for stadium or stadium facilities - £?m
Ground rent (or purchase of a long leasehold interest) for commercial development of a hotel and, or sports related retail - £?m
The 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 ......
hmm looking at that the funding gap (19.5m + projected 12m from other sources + unknown amounts from stadium sponsorship and hotel site ,whilst still considerable for the 75m scheme, is pretty small for the smaller schemes, which put a roof on and retain the iconic bowl. Certainly seems a lot more positive than spin T&A put on story on tuesday. Anyone else notice how, despite it being there headline story, splashed on billboards across the town on tuesday, they've chosen to not report the combined bulls/council statement yesterday and only reference in todays paper is selected comments from their website from City fans. And how they seem to print big articles from city supporters trust pretty frequently pushing a move to VP. Seems like a bit of an agenda there to me and not exactly unbiased reporting.