A £250 million loan to the developers of Woking Football Club was agreed by Conservative councillors.https://twitter.com/surreylive/status/1271521148656730112 …
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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You've seen the company house records for the developer? He has very little to his name. It wouldn't be simply a case of getting in a new developer if one failed. That would bring significant extra cost and time.
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Jonny in business you don't lend to companies on these terms, with this little to back it up. I don't know why you expect Woking's council tax payers to accept risks that large banks won't touch — when we're about to hit an unemployment crisis.
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Residents have suggested that developments at a similar level to Willow Reach which is opposite the ground would be more acceptable.
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How many units are in Willow Reach. Can’t imagine it’s more than 200ish (could be wrong, I’ve never been into it). How does that make the stadium economically viable?
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