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Author Topic: County Ground Lease  (Read 5481 times)
The Grim Reaper

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« Reply #15 on: Friday, May 22, 2009, 15:03:55 »

I cant see any logic to SBC selling the CG to STFC when they could easier get more money by selling to property developers or a big supermarket like Asda. Not sure if this covenant will make much difference. Lawyers always find loopholes and ways around obsticles.
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Reg Smeeton
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« Reply #16 on: Friday, May 22, 2009, 15:46:57 »

I cant see any logic to SBC selling the CG to STFC when they could easier get more money by selling to property developers or a big supermarket like Asda. Not sure if this covenant will make much difference. Lawyers always find loopholes and ways around obsticles.

 As Ardiles says ATM the development of Swindon centre has ground, to a more or less, complete halt...plenty of vacant lots, boarded up properties, and what look like bomb sites. Reminds me of Belfast in the 80's.

 If our owners could drive some sort of regeneration project forward, then right now SBC are going to bite their hand off.
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Simon Pieman
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« Reply #17 on: Friday, May 22, 2009, 15:49:08 »

On the plus side, we should have a shiny new Jury's Inn open very soon
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Reg Smeeton
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« Reply #18 on: Friday, May 22, 2009, 15:56:45 »

On the plus side, we should have a shiny new Jury's Inn open very soon

And a very nice view it has of the bomb site opposite, where the mobile soup kitchen doles out some fodder to the lengthy queue of homeless and junkies that gather there.
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Jamiesfuturewife
Cats is nature

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« Reply #19 on: Friday, May 22, 2009, 16:06:12 »

they actually gather inthe Travelpodge Reg
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Reg Smeeton
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« Reply #20 on: Friday, May 22, 2009, 16:11:55 »

they actually gather inthe Travelpodge Reg

Travelpodge.... Smiley Nev will be proud of you.
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jonny72

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« Reply #21 on: Friday, May 22, 2009, 16:12:00 »

SBC have a bit of a white elephant with the CG (including the cricket ground). Even if they could find a loophole with the covenant (which I doubt) they would be going against the Goddard Estate, the football club and the cricket club - there is no way they would want to risk pissing off that number of people.

Some kind of compromise would seem the way forward. Maybe swapping the land for a stake in the club?
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Talk Talk

« Reply #22 on: Friday, May 22, 2009, 19:25:35 »

SBC have a bit of a white elephant with the CG (including the cricket ground). Even if they could find a loophole with the covenant (which I doubt) they would be going against the Goddard Estate, the football club and the cricket club - there is no way they would want to risk pissing off that number of people.

Some kind of compromise would seem the way forward. Maybe swapping the land for a stake in the club?

Not true. As Mr Reaper pointed out, the Goddards would sell the covenant for a suitable sum. This was factual during the appallingly dreadful shocking time when the lovely verdant Shaw  Forest was going to be concreted over.

We asked the Goddard's solicitors.
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jonny72

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« Reply #23 on: Friday, May 22, 2009, 19:29:33 »

Not true. As Mr Reaper pointed out, the Goddards would sell the covenant for a suitable sum. This was factual during the appallingly dreadful shocking time when the lovely verdant Shaw  Forest was going to be concreted over.

We asked the Goddard's solicitors.

So the Goddard Estate can revoke the covenant in exchange for cash, or whatever?

I was always under the impression that a covenant would be protected by the courts and couldn't be retracted even by the party that issued it. Just an assumption rather than being based on factual law.
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pauld
Aaron Aardvark

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« Reply #24 on: Saturday, May 23, 2009, 01:58:28 »

On the plus side, we should have a shiny new Jury's Inn open very soon
<adver comments section>That's all very well, but do we really have that many Juries coming to stay in Swindon looking for this type of accomodation. Another white elephant, and how much public money has gone into that eh, eh, eh? Thanks SBC, just think how many floating duck islands that could have bought for impoverished MPs. Regeneration, pah!</adver comments section>

And on a more sane note, the council have always been quite happy to discuss selling the CG stadium to the club. It gets more complex/expensive if the club want to buy the whole site (ie not just the stadium + footprint) and is undoable if your proposals are unlawful and involved the council giving you £25m of public assets for a development that will no more get planning permission than I will grow a womb. Which was always the problem with the old regime's proposals - not council unwillingness. Assuming the club plan to redevelop for sporting/recreational use the covenant is a non-issue and as TT has said, even if not, it doesn't present a legal hurdle only a financial one. And as Reg points out, the council should be considerably more willing to work with a sane regeneration partner in the form of the current board than they were previously, especially in light of their desperate need to kickstart town centre regeneration.

However, it's not all positive. I seem to remember from reading the terms of the original (1890-something) lease/covenant/agreement that we're specifically excluded from creating any form of pig rendering plant or tannery on the site. So if the board's plans revolve round a massive post-swine flu pig disposal unit, the redevelopment could be in a lot of trouble
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Simon Pieman
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« Reply #25 on: Monday, May 25, 2009, 10:04:10 »

<adver comments section>That's all very well, but do we really have that many Juries coming to stay in Swindon looking for this type of accomodation. Another white elephant, and how much public money has gone into that eh, eh, eh? Thanks SBC, just think how many floating duck islands that could have bought for impoverished MPs. Regeneration, pah!</adver comments section>



Well it does overlook the Magistrates and Crown Courts, something I cannoy overlook as being fantastically coincidental.
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nevillew
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« Reply #26 on: Wednesday, May 27, 2009, 07:57:56 »

There are some benches outside as well.
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Paolo Di Canio, it's Paolo Di Canio
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« Reply #27 on: Wednesday, May 27, 2009, 08:48:55 »

And it has a bar.
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Don Rogers Shop

« Reply #28 on: Wednesday, May 27, 2009, 09:08:54 »

And some old cunts in wigs.
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Talk Talk

« Reply #29 on: Wednesday, May 27, 2009, 20:10:47 »

And some old cunts in wigs.

A very disturbing mental image of toupee adorned ancient female genitalia.
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