KeithB":2yl0rsup said:There appear to be 2 issues here. The balloon payment and the proposed development of HHP.
The balloon payment has a deadline which has to be planned for, which I assume is in the board's thoughts.
Whatever the plan is, it will not be supported by 'extra income' from the stand.
The HHP development looks dead in the water as proposed, but there is no impending deadline that has to be met.
If rent\rate relief is coming to an end because of legal restrictions, running costs are going to increase.
There was mention of looking at 'new ways to deliver' the project, however, with no hotel etc. to offset costs, then a complete rethink is required.
I think JB has come into this full of good intentions, but has bitten off more than he can chew. However, any decent project plan should has a risk log, listing ways potential issues can be mitigated. Essentially, there should be a plan B!
Quite often this involves reducing the scope (and scale) of what can be delivered.
Until we hear what the 'new' proposals are, we can speculate until the cows come home, but it just causes more division between all concerned.
Fair play to the trust for surfacing the information. Let's hope the board respond with some transparency.
Drekkly, just does not cut it any more!
That should be popular :coat: . Bloody mess innit?