Business case for York’s Community Stadium
12:01am 27th February 2012
City of York council is being asked to review and approve the business case for the proposed new Community Stadium for York, to progress it to the next key stage, at cabinet on the 6 March.
The paper details a strong business case for the build and operation of the Community Stadium and asks cabinet to unlock the £4million capital funds already allocated by the council (in February 2009) to the project, if planning approval is given.
Setting out why the city needs a new Community Stadium, the paper highlights the significant social, economic and community benefits of the project. It also considers the adverse impact on professional and community sport in York, should the project not progress.
Providing a robust financial model for the project, which outlines all the financial details relating to the build and operation of the facilities, it demonstrates that for every £1 of public money spent, £4 is leveraged from private sector investment.
Councillor Sonja Crisp, cabinet member for Leisure, Culture and Social Inclusion at the council, said:
“The Community Stadium for York is one of the city’s most ambitious community project to date. It’s an exciting range of learning, and health focused services and facilities for the City and creates a sporting destination which will benefit professional, amateur and community sports clubs, for generations to come.”
“I’m delighted that we have strong support from all of our professional clubs and within the community and that we have a solid business plan to bring this project to fruition, which is clearly evidence based.”
If approved, the business case will be put forward as a supporting document to the determination of the planning application, which will be considered through the due planning process. The council will also be able to move forward with discussions with key stakeholders on the Stadium design and finalise those training and community sport options identified in the plan.
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