BensGrandad
New member
One of our benefactors could afford to pay the toatl £50m and not be pushed for a few million.
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Really worried about Falmer finance now
- Thread starter Giraffe
- Start date
One of our benefactors could afford to pay the toatl £50m and not be pushed for a few million.
Barrel of Fun
Abort, retry, fail
Who, BG?
I think the blind optimism that non-housing projects will be free from the danger of a financial shortfall is a little misguided. Plenty of major projects are being delayed/postponed until market conditions pick up. Experts seem to think that Britain is in danger of facing the worst of the adverse economic conditions.
We shall have to wait and see.
I think the blind optimism that non-housing projects will be free from the danger of a financial shortfall is a little misguided. Plenty of major projects are being delayed/postponed until market conditions pick up. Experts seem to think that Britain is in danger of facing the worst of the adverse economic conditions.
We shall have to wait and see.
Tom Hark Preston Park
Will Post For Cash
- Jul 6, 2003
- 72,350
The diggers going in has to be a positive sign surely?
Barrel of Fun
Abort, retry, fail
I guess, but then perhaps we have enough in the bank to start the project. It would not be the first to start and then grind to a halt or do we have to have all funding in place to commence the groundworks?
- Aug 8, 2005
- 27,230
- Thread starter
- #25
The company I was talking about that now can't raise additional finance is non-housing. It's normally a cut and dried easy lend, but yet the bank has shut up shop. What project it is, is irrelevant, barring exceptional circumstances banks will not lend significant sums in the next few months. Maybe the Albion can start the stadium build and hope that finances free up in the new year.
Oh and by the way I thought the diggers were only there for the archealogical dig. Not really starting work yet is it?
Whitterz
Mmmmm? Marvellous
the money will be in place in phases. X amount here, X amount there. By April next year , when the stadium works kick i, another allocation of money will be in place. Banks will not lend £50million in one hit, it will be disshed out as and when its needed.
In theory..
In theory..
sir albion
New member
Probably end of with a half built stadium
Guy Fawkes
The voice of treason
- Sep 29, 2007
- 8,297
The council will not free up the land to start works unless we can prove to them that we have the finances in place to complete the stadium.
The fact that there is an archaelogical dig to check up on the make up of the ground we will be building on, and therefore what we would need to do in terms of the foundations for the stadium must be a clear indication that we are still looking to starting the building work in a few months time.