Putting it next to or close to a train station would be a start.
Would any planning application for a new stadium not have to go before the City Council... and at that point has it not turned full circle.. as in...
Timmy: "Dear Mr Council planner.. can I build a new stadium?"
Planner: "Oh dear oh dear oh dear....":facepalm:
Would any planning application for a new stadium not have to go before the City Council... and at that point has it not turned full circle.. as in...
Timmy: "Dear Mr Council planner.. can I build a new stadium?"
Planner: "Oh dear oh dear oh dear....":facepalm:
Warwick Uni - do they own much land up there, could there be some sort of joint venture?
Brandon is already a stadium so would only need to apply for change of use and expansion. Don't know whether the site is big enough to redevelop. Is close to railway also. Question is what would happen to Speedway and Greyhounds whilst ground is being built.
The City Council will never grant planning permission - never - and have all the necessary tools at their disposal to justify that decision. I also believe that there is no chance one of the district councils around Coventry (in Warwickshire) would ever grant planning permission either (at there are not any genuinely suitable sites)!! Simples - Timmy is talking out of his Joy hole!!
Hi Manchester_sky_blue - you are correct in one sense - namely that the council have to have reasonable grounds to refuce PP but planning laws have changed recently and any proposals need to fit in with the Councils Strategic Local Plan. By being clear about the priorities for development the council have an even stronger case when faced with requests for planning permission that go against the strategy set out in the plan - ie the plan won'tr say that the city needs another stadium. Furthermore the fact that the Ricoh exists means that even without a clear local plan the council would easily be able to justify a deciision to refuse permission on another stadium. Finally labour will be in charge of this council for many more years - that is not a statement in support of Labour or Tories - it is just fact and even if the tories got back in they would not make a different decision to labour - the council have too much to lose from a defunct white elephant. Seriously there is not a chance that a new ground will be built in the City - and in my opinion not a chance it will be built just outside the City either.
Cheers and PUSB
Sisu moves to block Welcome Break bailout bid
Miles Costello
26 Feb 2004
Sisu Capital, a little-known distressed company investor, has hired Lazard to help it block a controversial £381.5m ($572.2m) refinancing proposal for Welcome Break and launch a takeover of the struggling UK motorway services provider.
Sisu Capital, led by Joy Seppala, chief executive, is planning on Thursday to use its controlling stake in the junior bonds of Welcome Break to thwart the refinancing proposal tabled by Investcorp, the UK investment group. Advised by Lazard and law firm Bingham McCutcheon, Sisu Capital will pursue a full takeover of Welcome Break in a joint venture with Swayfields, a private company which operates rival motorway services brand Extra.
Seppala said Sisu Capital had secured a "comfort letter" from a "well-recognised financial institution", which has agreed to supply financial backing for a bid subject to gaining access to Welcome Break's books.
Sisu believes a takeover of Welcome Break would cost about £345m, and has also pledged to invest fresh capital into rejuvenating the group's run-down motorway service areas.
Seppala said: "This is not a negotiating tactic, we mean it. We want to own this business, we think it is an attractive business that has not been managed well. It is attractive at an operative level and there is very attractive real estate value.
"We have been working on this since last summer. This is a business I could get very excited about."
Seppala will block Investcorp's proposal at an emergency meeting of both senior and junior bondholders in the London offices of Allen & Overy on Thursday morning. Sisu Capital holds "comfortably in excess" of 25% of Welcome Break's junior debt - enough to stop the Investcorp package been voted through.
Towards the end of January, Sisu Capital and Swayfields sent an outline offer to Welcome Break bondholders, in which they pledged to take out senior noteholders at par, or 100p in the pound, and offer junior noteholders between 50p and 60p in the pound.
Sisu Capital and Swayfields are also offering junior debt investors the chance to convert their stake into equity if they are able to pursue their bid.
Investcorp's offer also gives senior noteholders 100p in the pound, while the junior investors were offered 55p.
However, Investcorp - which is unlikely to allow Sisu Capital access to Welcome Break's books - has threatened to shunt Welcome Break Finance, the bond issuing vehicle, into administration if bondholders reject the terms of its sweetened offer.
A spokesperson at Investcorp on Wednesday night indicated that Investcorp would carry out the bankruptcy threat, but declined to comment further.
http://www.efinancialnews.com/story/2004-02-26/sisu-moves-to-b-welcome-break-bailout-bid-1
Hi Manchester_sky_blue - you are correct in one sense - namely that the council have to have reasonable grounds to refuce PP but planning laws have changed recently and any proposals need to fit in with the Councils Strategic Local Plan. By being clear about the priorities for development the council have an even stronger case when faced with requests for planning permission that go against the strategy set out in the plan - ie the plan won'tr say that the city needs another stadium. Furthermore the fact that the Ricoh exists means that even without a clear local plan the council would easily be able to justify a deciision to refuse permission on another stadium. Finally labour will be in charge of this council for many more years - that is not a statement in support of Labour or Tories - it is just fact and even if the tories got back in they would not make a different decision to labour - the council have too much to lose from a defunct white elephant. Seriously there is not a chance that a new ground will be built in the City - and in my opinion not a chance it will be built just outside the City either.
Cheers and PUSB
I tend to agree with you and I certainly hope it proves to be the case. I only make the point about it because I work for the Government and countless times I have seen seemingly impossible situations come to pass and bizarre decisions made seemingly to the benefit of no one. You can't rule anything out completely because if someone can see a way of making a quick buck off it they will make it happen by hook or by crook.
Name one building project SISU have undertaken? Ermmmm... there are none.
Meanwhile.. this is what they do
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