BelizeHatter
Well-Known Member
- Joined
- Feb 5, 2015
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- Luton Town
Interesting change of direction by 2020.
A fair few years ago (Brown years), land was going at around £1m an acre. To get it for £10m was a steal in itself. If the flats at PC are worth like 15-20% profit per sale, there’s the remainder right there. To be honest, even at the start, Newlands was going to be a super optimistic project. The two sites together, probably one of the most ambitious projects going on in English football at the moment.The 50m price was just someone on outlaws speculating I think? Sweet was interviewed this morning on 3CR and wouldn’t comment on the price tag when asked (and actually sounded somewhat dismissive if you ask me) so I’m not sure that’s a very accurate figure but you never know. We must have spent a pretty penny on the planning and application process. I’ve no idea how much these things would cost
Headline news from the interview was that the updated planning application for the stadium will be going into next months planning meeting.
Oh and that we are looking good covid wise at the moment and the game Boxing Day will be going ahead
1200 flats. The profit from those, especially at the prices they’re selling for at the moment should more than make up the difference. I suspect they may do a partial sell off again to a developer who finance in the short term.See Sweet mentioned that Power Court needed to be partially self funded and not just Newlands sale. Hope someone gonna front it so we can build the Stadium before we build and sell all the flats
The whole process has been really revealing to me, first time Ive really paid much attention to a planning process before. So much power rests on the councillors who at best are well meaning individuals who clearly want to engage in public service but ultimately are pretty much amateurs themselves. Some of them seem downright moronic like you say and you can totally see how the process could be open to abuse and corrupt practice.We really do have some moronic councillors.
I say we, I don’t actually live in Luton anymore partly because of the lack of progress the town has seen over the years.
And how can any councillor moan about matchday parking considering the state that the stadium is in, is simply laughable.