Quote:
Originally Posted by MJ6987
Examples?
The Millennium Stadium
The Cardiff City Stadium
The Liberty Stadium
The proposed new events arenas in Cardiff and Newport
All involved public money
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The specific point you made was around the WG, not public money in general.
In response
1 - the Millennium Stadium was virtually built before the WG existed. The Millennium Commission paid approx £45m of the £120m cost. The remaining £75m was paid for by private investment and WRU loans.
2 - As for the Cardiff City Stadium, it is based on land the council owns. They have given it on a 125 year nominal lease to Cardiff City. In response to this, the football club agreed to build a new athletics stadium just north of this. On completion of the new athletics stadium, Cardiff City gained the 125-year rent-free lease. On the land they developed the new Cardiff City stadium and retail park. This, and the money made from selling Ninian Park for housing, paid for the stadium.
3 - the Liberty Stadium was funded by a retail development close by to the stadium.
4- the WG hasn't confirmed they are investing in the Cardiff Arena, they've just said it's vital.
As I said - the two biggest issues for us are 1) not owning the ground and 2) WCBC.
Try and find a chip for the other shoulder.