Odsal Sporting Village

Re: Odsal Sporting Village : Wed Mar 24, 2010 9:51 pm

OK here goes ......

Alternatives to be considered if funding from other partners and a developer led scheme cannot be achieved :

____________
Option A

Increase the covered, seated capacity of the stadium to 10,000
including new conferencing and hospitality spaces (leaving
10,000 uncovered standing capacity), add new community
sports facilities within the existing stadium site and leave some
space for operator funded hotel or sports retail development

Cost £35.1m
____________
Option B

Focus the project on the provision of new community sports
facilities within the existing RDSC site, and postpone
replacement or improvement of stadium facilities until a later
phase of development

Cost £22.5m
_____________
Option C

Focus the project on the provision of new community sports
facilities within the former Northern View Hospital site, and
postpone replacement or improvement of stadium facilities until
a later phase of development.

Cost £29.4m
_____________
Option D

Add new stadium roofs to make all existing standing spectator
positions undercover (with installation of seating at a later date),
provide new community sports facilities within the former
Northern View Hospital site and preserve the option for both
operator funded hotel and sports retail development

Cost£39.6m
_______________
Option E

Add new stadium roofs to make all existing standing spectator
positions undercover (with installation of seating at a later date),
provide new community sports facilities within the existing
stadium site and leave space for some operator funded sports
retail development

Cost £33.8m
_______________

Guaranteed funding so far = Council £15, Yorkshire Forward £4.1m and English Netball £0.2m = £19.3m

Possible other funding considered :

Contribution from the Bradford Bulls (secured against existing stadiumassets) - £2m

Prudential borrowing costs met through reductions in overheads for
combined more efficient facilities (£200k pa) - £2.8m

Prudential borrowing costs met through rental income from partners
occupying space within the sports village (£50k pa) - £0.7m

Receipt for disposal of RDSC site once community sports facilities are transferred to the sports village - £6.5m

Prudential borrowing funded from corporate sponsorship and naming
rights for stadium or stadium facilities - £?m

Ground rent (or purchase of a long leasehold interest) for commercial development of a hotel and, or sports related retail - £?m

The Council have also considered borrowing money up to tune of £3.5m a year in interest payments to facilitate the compliant scheme !!

Not as dead as some people would believe ......