New Stadium Rumour

Quoted from ska face

It’s just ridiculous to let something like this go on unaddressed for so long, as fans are being turned away from the idea of PP post by post, conversation by conversation. At this point, if the club turned around and said that PP WAS a goer, I’m not sure it would be greeted enthusiastically as the consensus is shifting further away from it every day. This forum is obviously not representative of all town fans, but is definitely a decent sounding board, and I can’t remember seeing a positive, optimistic post about PP in years. That should tell a story.

Even if there’s nothing to really say, at least acknowledge the issue that’s being debated in public (it was on Radio Humberside ffs) and don’t stick your head in the sand. You can’t control the conversation if you don’t say anything. Again...pretty basic stuff that someone in Comms/PR could have sorted easily!

Quoted from RichMariner

The thing about Peaks Parkway is that the fans are asking questions - which they're perfectly entitled to do - and the fact that the club isn't responding suggests one of two things:

• It isn't happening, and the club is trying to work out how to deliver the news
  
• The club still believes it's happening, but can't be bothered to give the fans a clear update that says as much
  

The truth is probably somewhere in between. I believe that the club thinks PP is still going ahead but they have nothing 'new' to add, from whenever they last updated us, so rather than open up the debate by highlighting how much time has passed since in the last update, and how little has been done in the meantime, they'd prefer to keep quiet.

That's not the right move in my opinion.

Basically, if the club comments on this topic, it'll only invite more questions than it can answer. If it's still going ahead at PP, why did Wheatley say what he said on the radio? Why did this rumour thread start in the first place? What's actually going on?

My opinion is that PP is dead, the club needs to accept this and start building bridges with local people, local communities and local councillors to find a solution that benefits as many people as possible.

I get the impression that these conversations haven't started and are unlikely to start as long as Fenty continues to believe - possibly out of desperation and sheer pigheadedness - that PP can still happen.

Quoted from grimsby pete

Does anybody on here know what the profit margin is on a new house ?

Are we suppose to think that the profit from building 600 is going to pay for our new stadium,

Quoted from Maringer

Depends on how much the land is going to cost. If the lands is being 'given' to them by the council then there is a good amount to be made.

No idea of the profit margin (which would depend on the amount paid for the houses as well as the cost of building them) but simple arithmetic would indicate a £30k profit margin on each unit would lead to a return of £18 million.

If the council wants paying for the land (or if somebody else owns it), then obviously this amount would fall.

That's one thing which makes the Freeman Street site an additional issue - compulsory purchase of land wouldn't come cheap, not to mention the cost of razing and clearing the site. The packets of land earmarked for the Peak's Parkway site are already available I suppose?

Quoted from KingstonMariner

Bit of a rough calculation I did earlier, and I've made lots of assumptions but I reckon it would take thousands of houses to pay for the stadium. Anyone got knowledge of the market can update this:

Stadium cost £22m.
Guesstimated average selling price per housing unit £150k. Gross profit 33%. = £50k per house
Guess Developer contribution to stadium 10% of GP. = £5000
Therefore need 4,400 units to fund stadium
Approx area per unit 300sq metres allowing for bit of road, pavement, garden, garage, bins store
Total area needed 1.32m sq metres = 132 hectares or 326 acres.
Peaks Parkway plot is 22.7 hectares

Slide these assumptions up to £200k/ unit, 20% of GP contribution, and reduce space needed per unit to 200sq metres and it still needs 1650 houses on 33 hectares.

And I haven't even accounted for infrastructure costs. On the other hand I've assumed we'll have no debt on the stadium. If we had to find £7m ourselves as a club with the second scenario we'd only need 22.5 hectares so PP would be viable subject to being able to (a) borrow that amount and (b) service the debt.

Oh it's been over 6 years since it was announced that PP was being assessed as the site for a stadium.