Redevelopment vote

[RobertT]

The idea of adding residential to make money is understandable, what is not clear, is how that works when the club is a leaseholder already - how do you build and sell residential when you don't have the full freehold.  Presumably the flat owners would be secondary leaseholders somehow?

I presume this study explains why KSS were binned off - it looks a lot more scary than they have ended up with!  But it does give us insight into the thought process behind the "master plan", that residential is a key component at some point.

[theakston2k]

The idea of adding residential to make money is understandable, what is not clear, is how that works when the club is a leaseholder already - how do you build and sell residential when you don't have the full freehold.  Presumably the flat owners would be secondary leaseholders somehow?

I presume this study explains why KSS were binned off - it looks a lot more scary than they have ended up with!  But it does give us insight into the thought process behind the "master plan", that residential is a key component at some point.

The residential side just seems short term gain (probably very little gain for the actual football club) for a lot of long term pain. It restricts what you can do in the future and it’s another 155 properties possibly objecting to future plans or making noise complaints.

[4D]

The idea of adding residential to make money is understandable, what is not clear, is how that works when the club is a leaseholder already - how do you build and sell residential when you don't have the full freehold.  Presumably the flat owners would be secondary leaseholders somehow?

I presume this study explains why KSS were binned off - it looks a lot more scary than they have ended up with!  But it does give us insight into the thought process behind the "master plan", that residential is a key component at some point.

Rental

[RobertT]

Rental

Which is a real long term play.

[Outletred]

I voted no- like many on here i do not have faith in this ownership managing something competently as big as this.

Main driver for my no vote though were the funding and business case. As has been said on here we need complete transparency on the source of funding and the terms. Also the business case based on championship football is a pipe dream- no way do they get ROI in 6 years.

[Jimmy Quinn]

And now the adver seems to have got hold of plans for blocks of flats behind the DR stand, the DR statue would surely be the centre piece, I'm sure they will be called Don's flat :>)

That would be awful and I can't see it getting planning approval for so few, and Shrivvy road residents would object, what happened to the thoughts of building a hotel into one corner etc

With a shortage of properties anything is possible especially if it’s for social housing.

[Crozzer]

I voted no- like many on here i do not have faith in this ownership managing something competently as big as this.

Main driver for my no vote though were the funding and business case. As has been said on here we need complete transparency on the source of funding and the terms. Also the business case based on championship football is a pipe dream- no way do they get ROI in 6 years.

I see it that way.

[4D]

I voted no- like many on here i do not have faith in this ownership managing something competently as big as this.

Main driver for my no vote though were the funding and business case. As has been said on here we need complete transparency on the source of funding and the terms. Also the business case based on championship football is a pipe dream- no way do they get ROI in 6 years.

ROI for a £3M outlay is £10k per week profit, every week for 6 years. No chance.

[RobertT]

The odd thing is you don't really need a 6 year ROI - capital financing is usually over 10+ years, so you determine the annual payments (nobody is shelling out the capex out of pocket upfront!) spread over the term of the agreement.  That way you know what extra costs you are absorbing, and then build a business case that gives you that amount and more.  It's the more bit that then moves the club forward, or if the case can't do that, you don't invest.

[Cookie]

They should probably also aim for a return on capital above any repayment of capital. Although I'm most curious whether the capital even exists in the first place.

[Ƭ̵̬̊: The Artist Formerly Known as CWIG]

The houses are an absolute disgrace and shows the real motivation. The joint venture shouldn't allow it even if redevelopment gets the go ahead.

[Jimmy Quinn]

What about the fanzone

[4D]

The odd thing is you don't really need a 6 year ROI - capital financing is usually over 10+ years, so you determine the annual payments (nobody is shelling out the capex out of pocket upfront!) spread over the term of the agreement.  That way you know what extra costs you are absorbing, and then build a business case that gives you that amount and more.  It's the more bit that then moves the club forward, or if the case can't do that, you don't invest.

I'm getting at the Clem fans who seem to think we'll be instantly quids in. The plan is a good idea for long term, the real long term.

[tans]

This made me laugh from that bloke who supports Clem and wanted to wear australian hats in support each game

Unbelievable someone prepared to invest in our ground with their money and it’s voted against.
Petty conspiracy theorists. Who cares where money comes from as long as someone does put money into our club.
Are we forgetting where we were a few years ago. Almost Bury.
Get behind the ownership; the manager, staff and the team.
Potential buyers are’nt queuing up to buy our club. Probably even less so now @with the negativity of the Trust.

Who cares where money comes from? Jesus fucking wept.

[Jimmy Quinn]

Reading the Facebook comments I think they should be named 25% Football.80% Bollocks