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Re: Good work but:

By LH21/11/2025 19:57Fri Nov 21 19:57:07 2025In response to Re: Good work but:

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Two very reasonable questions:

1) the vendor (the council) are not offering a piece of land, we have approached them. If the council were to get the site through planning and build a stadium (at their cost), it would command a far higher commercial rent than the undeveloped land without planning consent that we are looking to lease.

The value of land to buy or lease varies greatly depending if it is undeveloped without planning consent, undeveloped with planning consent, or developed.

2) the worst case estimate of what it would cost to get Vale View to planning (£150k) is around £60k higher than a site without the claypit, landfill and mineworking history that Vale View has.

However, Vale View can generate additional income that would cover this extra £60k many times over. Of course, should the planning process undercover issues that would materially increase the construction cost to point that the site is no longer the most commercially viable site, we would need to re-visit the site preference.

This is why the council approved "Vale View or an alternative".

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