I guess this thread gets traction on the Wakey forum because anyone who tries to post any questions on the cas forum gets banned!
The latest statement from Lateral makes it clear that securing the funding Iis dependent on various commerciall conditions being sorted (nothing to do with planning, the outline planning permission has been approved as it has for the YC development, but neither have yet submitted the plans for a stadium which also need approval)
Worst case for Cas is that the developer is now saying that donating £10m to build a stadium under a S106 agreement means they cannot make a profit (under legislation introduced by the coalition government, an authority must consider this and legally reduce or remove the S106 payment (as happened recently with a Fred Done development in Salford)).
A fixation and belief in planning applications (as some sort of proof it has to happen) does not help in my view - eg outline planning for a non food retailer was included in the outline plans for the Salford Stadium (9 years ago), 2 years ago a specific detailed application was submitted for an IKEA and was passed, yet nothing has happened since.
Best case is that the commercial conditions are a set number of retails units to be let before the funding is confirmed or that Wakefield Council provide financial guarantees and then funding will be secured and only then will building start.
As a RL fan I hope both teams get a new stadium to call home, but I do fear some Cas fans are reading what they want to read rather than what is there. Wakey fans have read it all before and will believe it when they are standing in it!
All views expressed are those of the author and not necessarily those of the RLFANS.COM or its subsites.
Whilst every effort is made to ensure that news stories, articles and images are correct, we cannot be held responsible for errors. However, if you feel any material on this website is copyrighted or incorrect in any way please contact us using the link at the top of the page so we can remove it or negotiate copyright permission.
RLFANS.COM, the owners of this website, is not responsible for the content of its sub-sites or posts, please email the author of this sub-site or post if you feel you find an article offensive or of a choice nature that you disagree with.