bigalf wrote:
No they are not and they never were. At the end of the day the stadium development progress is now in the hands of an "entertainment" company based in the midlands.
Who knows? it may happen in a few months time or whenever.
There should be no reason (at this moment in time) for the council to claw back the promised £2m from Cas.
The stadium element may have had investment but it's still fundamentally tied to the rest of the development via the 106. One element (stadium/development) cannot exist without the other & as soon as the stadium is constructed it will be passed into the control of the community trust. This was all trashed out in the PI & following months & is documented & signed off in the 106. By gov, council, developer & bank of Scotland.
So other than investment into the scheme, which isn't anything other than a positive, this is of little relevance to the community trust, WTW & any other tenants. When the stadium is going to be transferred once constructed it makes little difference who paid for it, this is between Yorkcourt & their investors. As we all know the stadium is just a sweetener to the local community.
If you think Yorkcourt have done all this to mothball it your deluded. They will cross fund the development, which is what you describe (sell off the lions % in the stadium in exchange for a profit share in the total), but this shows how developments like this are funded.
One element can't be built without the other. You know all this Alf, you practically sleep with transcripts of the PI & a copy of the 106. Merry new year old pal