Rusty Trombone
Well-Known Member
I'd have thought the land owner would have already thought of that so the price will reflect any higher value that housing may give.
and even if you cant get planning for a stadium you could always apply for much needed housing. that would add value over night to the site i would imagine?
You can complete at any point, but you normally see the land prices rise as planning permission becomes more likely.
I'd have thought the land owner would have already thought of that so the price will reflect any higher value that housing may give.
So it could be that its less of a risk (financially) to buy the site before applying for planning permission?
I'd have thought the land owner would have already thought of that so the price will reflect any higher value that housing may give.
Well, yes. But SISU's circumstances mean that planning might get granted whereas other projects - be they for homes or commercial development - might be turned down. Playing the 'Sky Blues Are Homeless' card would get sympathy and councillors loathed to oppose. As such, I don't think they might be as over-the-barrel to land owner gluttony as other developers, as there's an element of inter-dependency to the relationship
so if the land already has outline consent for housing SISU aren't going to buy it anyway. There is no way that will get changed to a football stadium given the pressure the government are under to build houses.
I want to know where the stadium plans are. If they were serious, land deal complete or not you'd have some plans commissioned. Its not like they would have to design it around confines like existing buildings or infrastructure, they've narrowed down to 2 sites apparently that are 60 acres+. they could put it down wherever they wanted in a 60 acre site.
I want to know where the business plan is too. Where is the 365 day income coming from, where's the capital investment coming from. How have they estimated the build cost with no plans. What debt is the club going to be left with once the stadium is finished.
I can see how commercial confidentiality comes into play on tying up the land deal but the questions i want answers too are things that should have been discussed in detail with fans in the first instance, around the same time as the artist impression reared its head.
tbh it's why I'm surprised they didn't buy land straight off. Forget planning etc, take the chance you might actually make a profit as prices rise, and have more to show then a drawing to convince people you're serious.
cheeky young thing..........I was 33 in 1987You are the same age as my wife. She is also old
Absolutely intrigued by you comments!
How do you know where the stadium's likely to be be built and what do you mean by small?
By the way it probably won't be open on Christmas Day LOL
Well, yes. But SISU's circumstances mean that planning might get granted whereas other projects - be they for homes or commercial development - might be turned down. Playing the 'Sky Blues Are Homeless' card would get sympathy and councillors loathed to oppose. As such, I don't think they might be as over-the-barrel to land owner gluttony as other developers, as there's an element of inter-dependency to the relationship
Absolutely intrigued by you comments!
How do you know where the stadium's likely to be be built and what do you mean by small?
By the way it probably won't be open on Christmas Day LOL
However they do it - complete the transaction and hope to make cash on a value uplift, or the conditional offer route above - it puts pressure on the council. CCC aren't going to want to look difficult after recent events and therefore to an extent, they're over a barrel. That is, to emphasise again, this option only works if SISU have any appetite to build whatsoever...
Why are the council going to look difficult? If they give CCFC precedence over more pressing projects they will get more problems. The Days of the council putting their necks at risk to bend the rules in favour of a football club are long gone. Any planning application will be judged on its merits. Being as we already have a bowl and that the football club is leaving of its own accord, I would say we haven't got a cat in hell's chance of having a stadium in Cov.
Some cities comfortably manage two stadia, for example our neighbours up the M69, and this is will not be a reason to turn down an application.
Having previous experience of working with planning law, and land purchase, I would say the club, if handled and submitted correctly, would have more than a cat in hells chance of building a stadium in Coventry...IF....done properly and suitable land identified.
To be fair though there it little to no chance of this happening under SISU's stewardship.
I know it is not an exact science but it looks to me that unless we get promotion income levels will be lower than the above, income will be lower because crowds are smaller and prize monies etc are lower in L1. The SISU premise is to build and finance a stadium to get approx. £2m in turnover it seems, that at best makes £600k available to SCMP and at best adds £1m to the bottom line.
So if a new stadium would bring in £2m revenue and £1m profit a year how would that stack up against the likely costs of financing somewhere in the region of £40m?
Of course if we rent long term we forgo that income but I would think a rent deal could be struck at a far lower annual cost than financing a new stadium and in years to come we won't have to worry about maintenance bills so if you project over say 100 years does one come out way ahead of the other?
Does the mantra of we must own our stadium stand up to scrutiny?
Some cities comfortably manage two stadia, for example our neighbours up the M69, and this is will not be a reason to turn down an application.
Having previous experience of working with planning law, and land purchase, I would say the club, if handled and submitted correctly, would have more than a cat in hells chance of building a stadium in Coventry...IF....done properly and suitable land identified.
To be fair though there it little to no chance of this happening under SISU's stewardship.
So if a new stadium would bring in £2m revenue and £1m profit a year how would that stack up against the likely costs of financing somewhere in the region of £40m?
Of course if we rent long term we forgo that income but I would think a rent deal could be struck at a far lower annual cost than financing a new stadium and in years to come we won't have to worry about maintenance bills so if you project over say 100 years does one come out way ahead of the other?
Does the mantra of we must own our stadium stand up to scrutiny?
40m over say 25 years at 2% = repayments of 169k pm (a total of interest over 25 yrs of 10.9m) 5m on the same terms is a monthly repayment of £21k
All depends on the deal for rights to income doesn't it. Can a deal be done that works for both?
Ownership has never been an absolute must have, rights to income steams have always been a must have.
It is all very well to say that a stadium is an asset on the balance sheet but in most clubs it is matched by debt and charges that never actually decreases.
It is all very well to say that a stadium is an asset on the balance sheet but in most clubs it is matched by debt and charges that never actually decreases.
If we were gifted a stadium tomorrow, we would mortgage it to the hilt ...
If you read Joy Seppala's statement. The issue of having the football stadium in the CCC boundaries. Was nothing to do with available space. It was all about I can't work with CCC and they can't work with me.
Thoughts for the fans and what would be best to make the project work were secondary
The last thing i heard from Tim which was last week was land deal very close, long term plan with club and land owner..... Now I remember a while back reading about a link with Warwick university???? I am guessing Warwick uni actually own the land its built on as well??? If so i wonder if there is a plan to build a stadium on there land?? Only linking 2 bits of info together mind, but would back up was mentioned on here a few weeks bk.....
Link with Warwick Uni, is this why it kicked off down their yesterday as someone upset the students saying they was going to demolish it and put our glitzy fisher fantasy land there
In theory Warwick Uni would be decent but think you would need significant infrastructure improvements to avoid gridlock every matchday.
Link with Warwick Uni, is this why it kicked off down their yesterday as someone upset the students saying they was going to demolish it and put our glitzy fisher fantasy land there
In theory Warwick Uni would be decent but think you would need significant infrastructure improvements to avoid gridlock every matchday.
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