But Wasps don't own the land. The land belongs to the council. What value do Wasps add to earn a cut of money that would otherwise be going to the taxpayer?
It would be debatable if it was a good deal for the taxpayer if they were leasing the land off the council and paying to build the hotel themselves before renting that out. This appears as if they're doing literally nothing other than put their name on a planning application so it gets approved where others have been turned down which of course raises other concerns.
I think WASPS have/ had an option on the land that has been extended in to next year to achieve planning
I doubt the Council will sell the land but could grant a long lease for a premium / annual rental or both