The funding is a three way split between a private partner Hull training and ERDF, if key targets are met the ERDF elements are not repayable,
The Hull training aspect was funded through Government Grant for what it says on the bottle Hull Training,
The other third was raised against the project by prudential borrowing, which HKR are to start paying back after 6mths from the opening, so in answer to your question Hull City Council are exposed to a 1/3 risk but have not and will not spend any taxpayers money on the project as long as the payment shedule is met.
I will not and can not disclose the values and timescales involved as it involves private companies, only that my original statement that it won't cost the tax payers of Hull anything still stands true.

Sounds like very good and imaginative work to keep construction workers in and around Hull in work.

The sort of thing that should be applauded.

Thank you Phillip. Sorry to be a bit slow, I'm getting on a bit. A couple of questions:
Hull training is funded through a government grant - do contributors to that grant pot include taxpayers?
Presumably the "opening" date will be 29th July, so nothing payable by Rovers until 2014. Do the council repayments on the prudential funding start in 2014 also and does the prudential funding attract interest?
On the 1/3 risk, what happens in a worst case scenario that Rovers default and ERDF targets aren't achieved?

It's quite complicated. Good job you're in charge.

OMG.... Mrs B you`re like a dog with a bone......


give it a rest for god sake......

The amusing thing is if a rovers fan mentions their shower we get called obsessed!

It's polite and [uentirely[/u on topic.

It might be polite but none of us frigging understand you! its a stand, it will be finished and will house fans.

The thread is 24 pages and is the third one on this topic. I hardly think me asking a couple of questions to clarify the extent of public financing and underwriting is outrageous when we've got the expert in the house, so to speak.

Mrs B have you forgotten love ur an FC supporter next thread up dear

So thats no playoff games for you then?

Club happy with this

Dont forget the NHS funding which was moved from the east extension to the North Stand.....

in a nutshell it cost less than the 40 odd million the kc cost to build with the people of hulls money

Off topic.

Thought so

We've been over it repeatedly.
I point out that we'd be happy to eliminate the risk by taking on a rental agreement using the same model as the KC and its tenants. You point out that that was windfall cash, I fail to see that as an important distinction, some gormer maybe wades in with the 'you had your chance to play there and refused, please kindly shrivel up and die' argument.
Your point is accurate - it just isn't very good. Certainly from our pov.
Worst case, every man, woman and child in Hull, stands to lose about the price of 20 B&H. So if we default there'd be a public health benefit as well as the consolation for taxpayers of a particularly partisan black and white persuasion of celebrating our demise.
It's happening, neither of us want to examine the distinction between paying a commercial rent and having a commercial rental agreement yet again, surely. So let us not.

its not off topic i saw you were having trouble with how the funding was been explained to you and was trying to help you out

You'll never win Frankie

You must be quite new to the game of Rugby League because the rules are quite simple re the playoffs,

If we finish 7th or 8th as most of our fans hope THESE WILL BE OUR LAST TWO HOME GAMES (he says with a Cab Manesque shout).





No hopes/or boasts like some on other Forums of finishing at least 4th maybe top 2.

Hope thats easy enough to understand

If i was you i would give up trying to teach 5 yr old's you will have to wait till they grow up

Wait til Larvin starts officially, he's on 652 tweets saying all that and more including Billy Slater and Sam Tomkins. Mike Smith said you'd finish 4th last year. You can reply to my latest questions in your own time.

Back on topic please.

Has anyone seen the film Misery about a woman with obsessions that she cannot control?

Can you post the link about Mike Smith stating 4th

Thats rich coming from you bud , obsessed with all things Pearson

Was on the radio, but Mild Rover confirmed it on here. Check back to his posts last pre season. Off topic though, dragged there by Phil Webbo, mind.

Now who in the right mind would be sad enough to troll back through someone's posts from last season?

I will just take it that you made it up if you have no proof.