HHP Update / Funding

## Herald Link ##

Update in Herald from Martyn Starnes not really saying a lot that isn't already on t' web.

Retail unit lets have moved to 70% from "around 2/3rds" in November.

The quote below is something new. Presumably investors would want some guarantees for £50M+.

Quote :

As far as funding is concerned, he added: "There are several investors that are interested in providing the funds to finance the overall development but negotiations cannot be finalised until the build costs have been entirely agreed."

Jimmy having funding issues! Never did I expect that.

Can barely contain my delight tbh :-D

So The President wasn't wrong two weeks ago

The President's Twatter wrote:

@Chris_Webb
I spoke up JB yesterday. All work is full steam ahead. Some delays from signing all the minor details which all have to come..
together. Sure something concrete will be announced soon!

[/quote]

Did James tell him the new date? Quite an important detail I would have thought.

I thought I'd read the 2015 date before and it's in the PASB minutes

[You must be registered and logged in to see this link.]

Quote :

the PAFC Board were of the opinion that the best time to review any further options for the longer term would be when the new grandstand opened, hopefully in 2015

Quote :

And Starnes said that the club's office staff will be temporarily moved to the Pavilions once building work on the grandstand is under way.

All very nice for another of Mr Brents companies (and by default his pension fund)

Hopefully an industry professional will be able to answer but I think we know that the main contractor has been appointed, however build costs have yet to be agreed. Am I missing something?

Build costs yet to be agreed, funding yet to be agreed, planning conditions not yet met. Many contrators now going to be involved in major storm repairs to the infrastructure of the South West. I think 19 months is optimistic.

Total fudge - reads like Argyle is picking and choosing the lenders, how about no institutions want to touch this abomination with a friggin barge pole!! Imminent? my arse!!

Damon.Lenszner wrote:

Hopefully an industry professional will be able to answer but I think we know that the main contractor has been appointed, however build costs have yet to be agreed. Am I missing something?

Build costs yet to be agreed, funding yet to be agreed, planning conditions not yet met. Many contrators now going to be involved in major storm repairs to the infrastructure of the South West. I think 19 months is optimistic.

Interesting thing about Kier, they now want subbies to cough up £170 to register to their system! That will do wonders for the local economy!!

[You must be registered and logged in to see this link.]

green_genie wrote:

## Herald Link ##

Update in Herald from Martyn Starnes not really saying a lot that isn't already on t' web.

Retail unit lets have moved to 70% from "around 2/3rds" in November.

The quote below is something new. Presumably investors would want some guarantees for £50M+.  

Quote :

As far as funding is concerned, he added: "There are several investors that are interested in providing the funds to finance the overall development but negotiations cannot be finalised until the build costs have been entirely agreed."

Thats a drop of 3%!!!

James Brent: redefining the word "imminent" for a new age.

So too hit a completion date of the start of the 2015/2016 season the build would have to start when? The end of this season?

knecht wrote:

Hugh Watt wrote:

green_genie wrote:

## Herald Link ##

Update in Herald from Martyn Starnes not really saying a lot that isn't already on t' web.

Retail unit lets have moved to 70% from "around 2/3rds" in November.

The quote below is something new. Presumably investors would want some guarantees for £50M+.  

Quote :

As far as funding is concerned, he added: "There are several investors that are interested in providing the funds to finance the overall development but negotiations cannot be finalised until the build costs have been entirely agreed."

Thats a drop of 3%!!!

Actually, isn't a rise of 3%?

In reality nothing has changed since November. There are 13 units each representing 7.7% of total (unless he is weighting based on different sizes) so nine units let is ~70% and "around 2/3rds".

Hugh Watt wrote:

green_genie wrote:

## Herald Link ##

Update in Herald from Martyn Starnes not really saying a lot that isn't already on t' web.

Retail unit lets have moved to 70% from "around 2/3rds" in November.

The quote below is something new. Presumably investors would want some guarantees for £50M+.  

Quote :

As far as funding is concerned, he added: "There are several investors that are interested in providing the funds to finance the overall development but negotiations cannot be finalised until the build costs have been entirely agreed."

Thats a drop of 3%!!!

Tbf, two-thirds is 66.6%

I think you'll find it's 66.6 recurring. But who am I to split hairs?   

knecht wrote:

I think you'll find it's 66.6 recurring. But who am I to split hairs?   

And rumour has it that Jimmy has 666 tattoed on his scalp under his hair.............spooky.   

Whose keen fer buying a brick to help with costings?

I hope they're kept as well as the last lot.

Green armeeeee

green_genie wrote:

knecht wrote:

Hugh Watt wrote:

green_genie wrote:

## Herald Link ##

Update in Herald from Martyn Starnes not really saying a lot that isn't already on t' web.

Retail unit lets have moved to 70% from "around 2/3rds" in November.

The quote below is something new. Presumably investors would want some guarantees for £50M+.  

Quote :

As far as funding is concerned, he added: "There are several investors that are interested in providing the funds to finance the overall development but negotiations cannot be finalised until the build costs have been entirely agreed."

Thats a drop of 3%!!!

Actually, isn't a rise of 3%?

In reality nothing has changed since November. There are 13 units each representing 7.7% of total (unless he is weighting based on different sizes) so nine units let is ~70% and "around 2/3rds".

I was wondering about the 70%. Does it mean 7 out of 10 of the units by number, by floor area or by income required from them? And does it include the units Argyle will get in the 7 or in the 10?

Mock Cuncher wrote:

Whose keen fer buying a brick to help with costings?

I hope they're kept as well as the last lot.

Green armeeeee

he can have a brick through his window

I thought Brent had the Funds all ready in place ?? Just lies after lies from these people. I hope the whole development collapses on its arse

The full story referred to on original link now online. More direct quotation but little difference

## Martyn Starnes Column ##

Damon.Lenszner wrote:

Hopefully an industry professional will be able to answer but I think we know that the main contractor has been appointed, however build costs have yet to be agreed. Am I missing something?

Build costs yet to be agreed, funding yet to be agreed, planning conditions not yet met. Many contrators now going to be involved in major storm repairs to the infrastructure of the South West. I think 19 months is optimistic.

A main contractor hasn't been appointed. Kier have been made the preferred bidder, which is odd as they were the only bidder.

The project wasn't sent out to tender at all. which didn't give companies the chance to break the project down and see where costs could have been saved.

green_genie wrote:

The full story referred to on original link now online. More direct quotation but little difference

## Martyn Starnes Column ##

I see that Home Park is to become a comedy club [insert own jokes here]

Dane. wrote:

Damon.Lenszner wrote:

Hopefully an industry professional will be able to answer but I think we know that the main contractor has been appointed, however build costs have yet to be agreed. Am I missing something?

Build costs yet to be agreed, funding yet to be agreed, planning conditions not yet met. Many contrators now going to be involved in major storm repairs to the infrastructure of the South West. I think 19 months is optimistic.

A main contractor hasn't been appointed. Kier have been made the preferred bidder, which is odd as they were the only bidder.

The project wasn't sent out to tender at all. which didn't give companies the chance to break the project down and see where costs could have been saved.

The first sentence is nonsense. The rest seems to be true

[You must be registered and logged in to see this link.]

Yeh Dane you FOOKIN liar, youm just jealous cos you don't sit next to Jimmy goin to matches.