Not me - that comes from people who are in business. Really, so if Wakefield's was worth £3m at the highest point, what is Cas worth then (significantly more land in size)?

I may be in the 'Business' so I wouldn't use that old chestnut

Instead of discussing this point in a mature manner you have decided on the childish eye rolling I see! I am not debating that the land you 'own' isn't valuable but you do have to consider other factors...the big one been that having a buyer who is prepared to part with this 6million for a piece of land in a grotty part of town. The same can be said for Belle Vue, as a housing project manager I wouldnt want to put a shiny new develop in that part of town, in either town. But that is just my opinion.

That area of town, including the old hicksons site is being redeveloped into a riverside community, which i'm sure you will agree make it more valuable.

Riverside Community in Cas !!!!...... In keeping with the Jungle image I presume..

All from the same developer Pyeman? I must admit, that would make it more valuable, sorry for my oversight.

Thats ok, there has to be something that wakey fans dont know about castleford stadium situation



To be honest i dont know.

One thing i forgot to mention is that with the hickson factory shutting in 2012, its looking like that land will be redevolped too.

am sure i heard that the new season ticket includes a free crocodile fishing licence now you come to mention it

You brought it down a tone saying I was talking crap. I do no such thing - I talk sh*te, there's a difference.



As Pyeman said the whole site is being developed into housing including Hicksons, the Limestone Quarry. It is going to be Cas's 'cultural' quarter (if you wish to call it that!

)

And theres me thinking that Cas is already Wakefield's cultural village

Why does every stadium thread become a Wakey-Cas disscusion?? fed up with it all now!!

They'll be snapped up for sure!

At the height of the property boom the Cas site was valued at approx £6M, since then the valuation has dropped by almost half!

Ben Bailey homes have paid a small options fee that ties Castleford to them for a number of years that options fee was recently renewed. What that means is that Cas can not sell the land to anyone other than Ben Bailey Homes and BBH are in no rush to finalise the purchase until the economy and the housing Market pick up considerably. That means the approx £3M that Cas will get for the land will not be realised for an indefinite period of time.

Further complications are the chemical licence which won't be given up easily and the lifting of the blast zone restrictions.

One last thing, what happened about the essential access road that required a compulsory purchase order in order to be built. The last I heard was that the owners of the properties that needed purchasing and demolishing were unwilling to sell. Also WMDC were refusing, at least publicly, to fund the legal costs of the CPO and were also unable to fund the actual purchase.

Wow, your detailed knowledge of the specifics of Castleford's situation is really impressive



Oh [url=http://www.pontefractandcastlefordexpress.co.uk/news/local/ackworth/town_chemical_zone_scrapped_1_1607838no, it isn't[/url

On certain aspects, I'm very well informed on others not so much!

Great news about the licence by the way.

To be honest i dont know, however since half the roads down at glasshoughton have just been ripped up and new ones re-laid, i imagine theres a good chance they sorted it out then.

One thing that does amaze me is that like so many wakefield fans you have an 'expert' knowledge of the cas stadium but didnt see the problems with thornes and newmarket coming.

This smacks of being another ill informed bitter rant like ted made the other week.

If yourself and SOME other wakefield fans put half as much effort into supporting the hard work done by SWAG as you put into hoping cas dont get a stadium you might get yours built a bit quicker.

It took no effort, it just comes down to who you know, but youre entitled to to be sceptical I don't blame you for that.

Could be wrong but Im sure the recent roadworks at glasshoughten where already underway when I 1st read about the CPO so surely they can't be the same rdworks?Like I said I could be wrong.

While i dont know when you first read about the cpo stuff came out last year iirc and no ones heard anything since, the road works at glass houghton started in feb i believe.

the road link thats been spoke about will run to the stadium from the new ackton bypass running up past flass lane,im not going to lie this caused a huge problem has nobody was sure who was actually going to pay for the new road and this was one of the reasons for the delay in fpp going in,ive been reassured this issue has now been dealt with and a compromise has been agreed to who was funding the road.

that road will certainly cut time off people coming from wakefield and normanton.

Your figures are different to the one's I was told, so are your really in the know, or do you just think you are in the know, maybe I know a guy who comes in my local pub who knows a guy who etc. etc?

i know who I know and what they know is now what I know but who knows?

I didn't know that!!

At the height of the property boom the land was valued at roughly £10m being £1m for one acre. at this point in time an option was sold for £6.9m on the land. Hence why a number of share holders claimed the deal was significantly under valued and was sold at a low price to a related party. The option on the land was old for an upfront payment of £200k.

Land values have fallen by roughly 40% putting the land value now at circa £6m. I am led to belive that negotiations have been ongoing to sell the land outside of the option at about £5.9m with costs of planning permission being the major issue.

All here say regarding future developments but the option value is quite an open and well knwo value not the values you are quoting above

Also the option fully expires in October of this year - I do not know where you get that it was negotiated recently as that is totally incorrect.

£4.9 million was the figure i was quoted maybe with it been un-resolved it will be somewhere in between the two after negotiation still a fair way off the some figures some wakey fans would like it to be.

i dont think the clan was too far off the mark with the other comments just a little late in the day with them has most of those issues have since been dealt with and things have now moved forward quite considerably.has shown with fpp now gone in.