Fordy wrote:
I'm not a developer and I admit to having absolutely no idea how much YC can expect to make out of various developments on the site but surely the simple adjustment to the formula is to make it dependent not on filling the entire site but on the previously agreed trigger point.
C=(F/Tr) *S
Where:
C = The amount of the contribution
Tr = Agreed trigger point approved under 10/00225/OUT (60,000m2)
F = Floor Area Proposed under application 18/01169/FUL (6,000m2)
S = Approximate Build costs for the Community Stadium Approved under 10/00225/OUT (C. £19,000,000)
So this particular build would contribute
C= (6000/60000) * £19M = £1.9M
Good idea Fordy but we need to add back in the Newcold development which we believe should have contributed to the trigger so :
C = 46,000/60,000 * £19m =
£14.56mOnly an approximate figure but we are nearly there.