The Bridge was built.



A stadium at Newmarket





Gambling £150,000 of ratepayers money is not something the Council should be doing IMHO.

Are you talking from a financial point of view? If you are then, if they can't afford GBP 150k (which they will hopefully get back in under 12 months time, then they are well and truly screwed)

The bridge may have been built but it was still a waste of money.



I am sure they will have spent GBP 150k on far more hair brained schemes than guaranteeing the loan for design fees for newmarket. Money they may yet receive back.



Like all Councils if they were more effective at collecting council tax and other dues, then they wouldn't be in such a financial mess. I bet they have written millions off that was due over the years. Sorting that out is something far more important to the health of their budget than GBP 150k, which as I have said already could lead to a multi million pound sports facility in their borough

This money is a draw down from the £2m offered to BOTH clubs. After qualifying for the purpose of the loan - i.e. by structuring the Community Trust in the correct manner and by offering to build a Community Stadium rather than a privately owned facility - the money was granted towards the planning costs for the stadium - a relatively small contribution of the overall costs towards the plans for NM.



If the council change their mind about this money, that is their perogative. The end goal remains the same and the value is small potatoes in the grand scheme of all things WMDC.



It is interesting though that rather than see BOTH clubs enjoy the benefit of any funding, one poster has now decided that it would be wrong to assist either!

All that money for a poxy bridge, yeah a waste of taxpayers money but "thats different" cos it got built







But "gambling taxpayers money" is something the council should be doing

I wonder why.

The way I read this quote is he is campaigning against a decision to build an industrial estate but not build the stadium with it i.e. he is against having the industrial park on its own, without the stadium. Sounds to me like he's for the stadium and against an industrial park built without it

To quote Papa Lazarou....This is some kinda saga.

The ultimate irony for the NIMBYs and ice cold comfort for us Wakey fans is if the industrial park happens minus the stadium. This may well be the final outcome. Wakefield seems to have its own special problems in getting this done. I live in Beverley now, and previously in Hull. I can tell you Hull CC just got on with the KC and the NIMBYs sang in the wind. 25k seater stadium in a green park almost in the City Centre...and they could have built 3 in the time WMDC has f'd around with Thornes/Newmarket. As for fat Eric sending this back....I'll stop now before I implode. So much for private sector replacing public sector lost jobs etc etc. I desperately want to believe the problems will be overcome and eventually it all happens and Red Hall will come to its senses and see the folly of unsustainable expansion clubs being given priority over stronger heartland clubs and that Cheryl Cole will hop off the train at Bev station and see a wee baldy Wakey supporter and fall instantly in love. After about 5 years of this Wakefield stadium saga I suspect it's all about as likely. I hope I'm wrong and I apologise for being a gloom merchant in this recent wave of gallows optimism....I really, really do hope I'm wrong, but, to borrow a research science phrase from work, practice based eveidence would suggest a nil outcome.

Not sure who you are having a go at here. If it's me then the terms gambling the councils money were used by bigalf and not me. I consider it a speculative cost a bit like a feasibility study - sometimes you have to speculate to accumulate. As I said previously, I am sure the council have wasted GBP 150k on less deserving cases - Peter Boxes wage for one.



My point about the bridge was that it cost alot more than GBP 150k and I am sure Wakefield tax payers money contributed in some way shape or form - so it makes the amount the council have paid for the design fee loan (and I will repeat may still get back) an insignificance when you look at what could be the outcome for the district.

Beat me to it TRB!



As all the other posters have said, this is not news to anyone... at all!



This loan is indeed a draw down on the £2m which Wakefield MDC have offered to BOTH clubs as security going forward as a contribution to both stadium developments. BOTH clubs have, and have always had, the same opportunity to access some of the money in this way. However, for some reason Cas Tigers have not yet set up a correctly structured 'stadium' trust company and have therefore not being able to access it to date. They may have very good reasons for not doing so, but I have always not really understood why Cas didn't take up the same offer and use some of the money?



I think bigalf you need to be careful here... as TRB has said, are you now saying that because you think 'you' might not need your £2m that you opinion has changed? Also, I don't think we have had any 'official' word from the club that they do not need it if the Opus deal comes off... they have said fully funded by Opus but what does that mean?



Throwing stones, glasshouses and all that mate!

But they were obviously happy to act as guarantor and accept the responsibility for repaying the loan if certain conditions triggered the repayment.



So you're creating a storm in a teacup!



In a strange way this offers me more encouragement, the council obviously 100% believe that this development will happen or they wouldn't be backing it financially the way that they are.

Clan - As I have just posted, Cas have had and still currently have the same opportunity to use some of this money if they wish, but they have chosen not to set up a 'stadium' trust company as yet and therefore do not currently have a legal vehicle to access the councils money. They may have very good reasons but I really don't understand why the haven't done so to date?

Two things spring to mind and it could be one or both.



1. Incompetence



2. RW and Directors are expecting to somehow profit from the new stadium at GH which would explain why they are rumoured to have told FN to do one with regards him buying the club or a stake in it.

I wonder who posted the 'news' on this board???



[urlhttp://www.casforum.co.uk/forum/viewtopic.php?f=3&t=20247[/url



It would appear the Cas fans no longer want their £2m... or has someone not fully explained in their original post the full story and history of accessing this money?



It has had the effect the OP wanted and now they are indignant about how it is one rule for Wakey and another for Cas, blah, blah! So Fully (HuddsTiger) is going to bombard the council with his disgust... what about... how they haven't taken up exactly the same opportunity as WDCT?



I bet Wakefield Council are so pleased that their contribution to BOTH clubs is being thrown back at them!