we can't afford to keep it unused

Athletics won't bring in the revenue to cover the maintenance and running costs.

The money to build it has been paid for and comes from a different budget. So the equation for the Government is whether to keep it and pay for its upkeep, or offload it onto a buyer (for whatever price they can get) who will then pay the upkeep and pay some rent to boot.

So either adopt a course of action that costs the taxpayer further money, or take a course of action that generates revenue for the tax payer.

It's a no brainer. Fixating on the purchase cost misses the point - that was done for the Olympics and was the price we paid for that summer of glory. The only thing that matters now as a taxpayer is how we minimise our ongoing cost exposure - which this deal does.

Posted By: CWC on March 23rd 2013 at 10:50:26

Message Thread

how to finance the new stand (NCFC) - Kar1, Mar 23, 07:13:04
- They are renting the stadium, it still has to be used for athletics and 10 other events (NCFC) - Vivid Data Shark, Mar 23, 13:24:23
- it all smells very bad and will end in tears no doubt (n/m) (NCFC) - whatgoesaround, Mar 23, 07:55:02
- Like moving into a rented home and saying "I have a 150k house for 600 a month!" (NCFC) - BigGrantHolt, Mar 23, 07:49:01
  - but my point is, we have to pay ?15m cash for one stand (NCFC) - Kar1, Mar 23, 07:54:18
    - The market price is what someone is willing to pay for it (NCFC) - Ralf Scrampton, Mar 23, 08:00:42
      - in which case it should be kept soley as an athletics stadium (NCFC) - Kar1, Mar 23, 08:05:27
        
        we can't afford to keep it unused (NCFC) - CWC, Mar 23, 10:50:26
- we should have bid for it too (NCFC) - SCC 28, Mar 23, 07:34:24

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