A £250 million loan to the developers of Woking Football Club was agreed by Conservative councillors.https://twitter.com/surreylive/status/1271521148656730112 …
Commitment is secured against the development itself. So worst case is developer goes bust and Council steps in/gets new developer to finish. Risk of losing money seems fairly low to me. Isn’t your real reason to oppose that you think it’s just too much housing?
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Jonny I have a quarter of a billion investment to sell you secured against my house.
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Are you an experienced developer with a thousand of em and a 9,000 seater stadium which you have to commit the funds against and which I get back if you default? Why can’t you guys be honest? You think it’s overdevelopment. That is a legitimate argument so argue it.
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The cross-party Overview & Scrutiny paper is about the process around the Council's involvement in the football club development. That is what the article I retweeted was about and what led to your point on the £250 million loan. 11 storey blocks of flats is overdevelopment.
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Yes but I can’t see any evidence that the loan is especially risky. It just seems you’re throwing as much at this to see what sticks. How many units would you accept on the site? Half?
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