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Stadium Developers Set For Formal Planning App

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Dan
February 10, 2017, 5:39pm Report to Moderator

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I mean, you could fit...say 50 houses / flats on the site at say, 80 grand each? That's 4 million boys.  Now let's take into account the cost of construction... let's say 1.5 million, and the cost of demolition, let's say another 1.5 million. This means Blundell Park is worth approximately 1 Omar Bogle.


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KingstonMariner
February 10, 2017, 6:48pm Report to Moderator
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Quoted from Dan
I mean, you could fit...say [undisclosed] houses / flats on the site at say, [undisclosed] each? That's [50 x undisclosed] boys.  Now let's take into account the cost of construction... let's say [£30000xundisclosed], and the cost of demolition, let's say another 1.5 million. This means Blundell Park is worth approximately 1 Omar Bogle.




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For in our hearts the dreams are still the same.
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Trawler
February 11, 2017, 6:02am Report to Moderator
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Quoted from Posh Harry


That will depend on when that valuation was taken. It could have been donkeys years ago meaning the figure is 'irrelevant' compared to today's figure. Property valuations don't need to be updated very often in company accounts.


I asked JF about the value of BP at the open meeting at Peakes Parkway. He said his best guess was £750,000 with demolition costs of £500,000.

There's no major windfall in the sale of BP.


"Pound for pound, and class for class, the best football team I have seen in England since the war. In the league they were in they played football nobody else could play. Everything was measured, planned and perfected and you could not wish to see more entertaining football." Bill Shankly, Manager GTFC 1951-54
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HertsGTFC
February 11, 2017, 10:01am Report to Moderator

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By the time we actually leave any valuation would have changed as it's still a matter of years rather than months before an exit.

I don't believe for a minute that there is not a developer lined up to take the land and what they will pay remains to be seen.


"Crombie you would have got to that if you weren't such a fat ba%$@rd" - George Kerr, inspiration from the dug out 70s style  
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