Re: D-DAY Monday! : Wed Aug 02, 2017 1:32 pm
I appreciate that money is tight for Councils and they are under tremendous pressure but its Revenue that is the problem for social services, bin collections etc. etc. Capital is not a problem and the Council can borrow at very low rates as they dis for the Eastern Relief Road. They will get their money back as land is sold and occupiers/house holders start paying Council Tax and business rates.The Trust & Club has suggested that the Council borrows the money and builds the Stadium. Michael Carter has offered to fund the interest on the loan until its repaid so it will not cost the Council a penny. The Council can recover the money to repay the loan from Section 106 Agreements and Community Infrastructure Levies imposed on Yorkcourt and the owners of Belle Vue as that is developed so as I say it will not cost them a penny.
In order to see this Stadium built there has to be a political will and drive from the Council, something that seems to be very much lacking at the moment.