I take my hat off to everybody attending the meeting tommorrow on what could be our most importent day ever.Please try and find a way to involve the whole of the fanbase in this ,as things stand this whole thing looks more and more elitest.
tonsk wrote: Anyone know which thread this is on??
Graham Clark wrote: Andy is right to draw attention to Cardiff City Council report. It is one of the few academic assessments that exist. I spoke at length to Dr. Rogan Taylor and one thing I remember him saying is that people rarely look at the overall benefits of having a Football League club representing their town or city. It is taken as a given, taken for granted. After all no-one thinks that the football club that bears its city's name with pride and passion will ever disappear.
The nearest comparable that the City has for assessing the economic impact of a major spectator venue is the Theatre Royal. The total number of theatre goers per year in recent years has been roughly comparable to the number of spectators that attend Home Park. A study a few years ago, if I recall correctly, valued the economic impact of the Theatre Royal at something north of £20m per year (although this did include T2). Even if the economic impact of Argyle was half this it would be a very substantial figure. Then of course you can add in the public subsidy the Theatre Royal receives from the Council and other public bodies. Imagine the furore if the Theatre were to close down and the economic impact arguments the great and the good would be marshalling. It is a general point but one that should remain firmly in the mind when looking at whether the City should or could play a role in safeguarding the future of another great City institution.
However, my main point, and one that I have constantly articulated is that what is the true cost of 'failure' for the City if PAFC become the biggest ever Football League club to fail in its history. Some still remember Accrington Stanley from years back. The city would be the biggest city in Europe without a Football league club.The closure of Argyle will reverberate around the world. it wouldn't just make a mark, regionally or nationally.
So why should the City Council play a part in securing the future of the club? What are the benefits.
It avoids the handprint of failure being written all over the city. Couple that with the decline in the Dockyard and the imminent closure of Plymouth Airport that is a mighty triple whammy. Try calculating the cost of that association with failure on inward investment. Plymouth? .... no thanks I'd rather go to Exeter thanks.
The Area Action Plan for Central Park identifies an area between the Life Centre and Home Park stadium for future development. The land split is roughly 50/50 between the two. If the City acquires the development land (at least) if not the whole stadium it will secure for itself a strategic redevelopment site for which it will have complete control. It may not have an immediately high value as the commercial market remains in the doldrums but it will have complete control over its future - a Pavilions replacement (enabling a major asset to be realised in the City Centre), an ice rink and heaven forbid even a multiplex allied to other 'social uses'. They would be able to reap the full financial reward and not have to share the value uplift 50/50 with PAFC. What is the total value of that little lot?
If you look at it investment terms. At the moment the City has reserves of something over £150m in banks earning pitiful interest. Without going into figures but buying the football ground at a distressed price (i.e,. significantly below its market value if there are no other buyers) and agreeing a reasonable rent with PAFC could easily give an investment return of 8% or more for decades to come. No doubt it could be subject to an uplift as the club climb the leagues. You could even factor n a buy back clause at the then market value so the City make a profit. Try and get that return in Iceland!
So you have the economic impact benefits of the City retaining its Football League club; the invaluable perception benefits of not having another perceived 'failure' attached to the City with the national and international reputational damage that would result; you have complete financial and physical land control over a major development site; you reap the total rewards of the consequent value uplift; you invest money and get a return substantially above that achieved on your investments elsewhere .... oh, and you save upwards of 50 jobs too. Not bad for your manifesto when going into what might be a decisive election next May.
FordGreen wrote: Heartfelt thanks to everyone participating tomorrow. You are, at the very least, providing some much needed and very welcome hope to a thoroughly demoralised ( and disenfranchised) Green Army.
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