Re: Newmarket 'new' Heads of Terms Document : Tue Jul 18, 2017 11:45 am  

acko wrote:

Sandal please explain how do Yorkcourt own that land,Have they bought it off the council and then rented it to Newcold to build that large Coldstore thus they're already making money out of Newcold,

Plus I think it was Vasty you mention it a while ago about the council putting the money up front for the Proper Trust to build a new Stadium at a bit at a time and pay them back over the years at a fixed rate.
And if we could get something out of Yorkcourt be it my threatening legal action against them would that help, Also have the Community Trust got a trust account for anybody to Donate into.


Up The Trin

The Newmarket site was the former Newmarket Silkstone Colliery which was leased to British Coal but the owners who I believe was Oulton Estates. Yorkcourt bought the site from Oulton Estates. The Stadium land is owned by the local farmer and Yorkcourt have an option to purchase it. The Newcold site was sold by Yorkcourt to Newcold.

We will if we have to go legal be seeking donations through a crowd funding web site so people can donate online but I'm sure we will at the appropriate time take donations direct into the Trusts account.

Re: Newmarket 'new' Heads of Terms Document : Tue Jul 18, 2017 11:47 am  

I think this is positive new stuff and box is finally seeing that he needs to go with public view, also I'm not sure yorkcourt actually do own the land, only that they have permission to develop the land.
The land was re-classified out of green belt but I'm not sure it was purchased by or handed over to Yorkcourt.

[edit]
Seen the above now so my understanding appears to be incorrect

Re: Newmarket 'new' Heads of Terms Document : Tue Jul 18, 2017 11:51 am  

M62 J30 TRINITY wrote:

The only way for the council to come out of this with any credibility is to do what MC suggested and finance the community stadium like Leeds CC are doing with headingley lending the money but getting it back with interest. Everyone's a winner and saves it from going to court.

Up the Trin

That isn't going to happen, too much of a risk involved in a sport that relies on sky money to pay the bills by not getting relegated. Remember Leeds have the cricket as well and the lucrative international matches they have there. If it was just the rugby alone the council wouldn't have touched it with a barge pole.

Also MC would be ultimately chasing Yorkcourt for the money to pay it back. We've seen how likely that is to happen.

Re: Newmarket 'new' Heads of Terms Document : Tue Jul 18, 2017 12:06 pm  

At least Box has said the right thing, which has surprised me.

I remember seeing a quote from him earlier in the year talking about the proposed development near Heath Common, near the new road, and I thought I spotted a subtext about the ground being on there.

Re: Newmarket 'new' Heads of Terms Document : Tue Jul 18, 2017 12:07 pm  

Sacred Cow wrote:

That isn't going to happen, too much of a risk involved in a sport that relies on sky money to pay the bills by not getting relegated. Remember Leeds have the cricket as well and the lucrative international matches they have there. If it was just the rugby alone the council wouldn't have touched it with a barge pole.

Also MC would be ultimately chasing Yorkcourt for the money to pay it back. We've seen how likely that is to happen.

Under MC's proposal it would be the council chasing York Court not the club. We would just be paying the interest on the loan

Re: Newmarket 'new' Heads of Terms Document : Tue Jul 18, 2017 12:20 pm  

I am not up to the legal aspect of things like this, however can someone in the know answer this. As part of the deal with taking this land out of greenbelt, was the stadium build, is it possible to put this land back into green belt so it is worthless to Yorkcourt?

Re: Newmarket 'new' Heads of Terms Document : Tue Jul 18, 2017 12:23 pm  

djcool wrote:

I am not up to the legal aspect of things like this, however can someone in the know answer this. As part of the deal with taking this land out of greenbelt, was the stadium build, is it possible to put this land back into green belt so it is worthless to Yorkcourt?

I thought one of the arguments in favour of the ground at the time, one that we used a lot, was that it was due to be taken out of green belt anyway.

Re: Newmarket 'new' Heads of Terms Document : Tue Jul 18, 2017 12:23 pm  

djcool wrote:

I am not up to the legal aspect of things like this, however can someone in the know answer this. As part of the deal with taking this land out of greenbelt, was the stadium build, is it possible to put this land back into green belt so it is worthless to Yorkcourt?

Not sure but those dishonourable barstewards will have made some profit off the Newcold development and have ruined the benefit of it being returned to greenbelt with the white box

Re: Newmarket 'new' Heads of Terms Document : Tue Jul 18, 2017 12:25 pm  

Slugger McBatt wrote:

I thought one of the arguments in favour of the ground at the time, one that we used a lot, was that it was due to be taken out of green belt anyway.

I think the argument was that the council had a legal obligation to provide Xsq foot of Commercial Development land and this was a big part of meeting that obligation.

If I recall those against suggested they could meet their obligations with the combination of smaller parcels of land elsewhere

Re: Newmarket 'new' Heads of Terms Document : Tue Jul 18, 2017 12:27 pm  

I can't see why the council can't take up Daddycools offer, loan us the money for the Stadium, can we pay back over time including interest. Finally if there's planning permission for a stadium built elsewhere, I think planning permission should allow concerts to be held at the Stadium, most cities have stadiums that hold concerts, it will be great for Wakefield to have one too