Re: Salford Council : Thu Feb 03, 2011 5:07 pm
Marshy1 wrote:
Of course you can especially when you start to prioritise what is essential and non essential.
How can you undo the contracts that the Council and Peel signed last year with the stadium contractor and SCR? This loan was taken out for a community investment opportunity before any mention of government spending cuts and will be based on a sound buisness plan that has Peel Holdings as a partner. Do you honestly think a company of Peel's business acumen would be involved as a partner if it was a bad investment? The council will be providing excellent new community facilities (beyond just rugby) whilst repaying the loan from stadium rent and the day to day function/hospitality profits the venue will provide.
And talking about what is essential and non essential. Have you considered that the government obviously must feel there is now a lot of over staffing and natural wastage opportunities in local council departments? I genuinely sympathise with anyone losing there job but I don't see how a loan funded investment in a community stadium affects council job losses. Surely you don't think the solution would have been for the council to use the 20M loan for the stadium just to get around the spending cuts and keep everybody in work?