New Everton Stadium

Why you say that?

Because like many on this thread, they like to make themselves feel better by having tantrums about the lack of perceived progress. I'd like to think it's because they're desperate for the club to succeed and are frustrated that there hasn't been any major news recently. Although i'd say that us announcing the exchange of contracts is a decent step forward.

Obviously in reality though Everton are not actually trying to get a new Stadium. The club have just exchanged contracts to make it look like we are and all the time and effort those like Elstone have invested in the project is just for show. They've also managed to include Joe Anderson, Peel, CBRE and Dan Meis and many others to go along with their plan to screw over the supporters which is a shame too.

If this forum is still going when the Stadium goes ahead (assuming it does), I think some of the pessimists should come on here and admit they were wrong, and were plaguing the thread with negativity with little reason other than the fact that since they're not part of the Stadium Project they don't know the ins and outs of what the current status is.
 
Because like many on this thread, they like to make themselves feel better by having tantrums about the lack of perceived progress. I'd like to think it's because they're desperate for the club to succeed and are frustrated that there hasn't been any major news recently. Although i'd say that us announcing the exchange of contracts is a decent step forward.

Obviously in reality though Everton are not actually trying to get a new Stadium. The club have just exchanged contracts to make it look like we are and all the time and effort those like Elstone have invested in the project is just for show. They've also managed to include Joe Anderson, Peel, CBRE and Dan Meis and many others to go along with their plan to screw over the supporters which is a shame too.

If this forum is still going when the Stadium goes ahead (assuming it does), I think some of the pessimists should come on here and admit they were wrong, and were plaguing the thread with negativity with little reason other than the fact that since they're not part of the Stadium Project they don't know the ins and outs of what the current status is.
We all know the names of the disbelievers.
 


Staggering. What happens if we face a similar situation?

http://www.dailymail.co.uk/sport/football/article-5139907/Bill-new-Tottenham-stadium-soars-1bn.html

Bill for new Tottenham stadium soars from £400m to £1bn as club confront cost and complexity of project

  • Cost of Tottenham's new stadium has more than doubled to £1bn
  • Chairman Daniel Levy is trying to negotiate finance for the stadium build
  • The new White Hart Lane home was initially expected to cost £400m
  • 61,000-capacity ground increased to £750m and is now expected to cost £1bn
By Alex Miller For Mail On Sunday

PUBLISHED: 08:45 AEDT, 3 December 2017 | UPDATED: 08:45 AEDT, 3 December 2017



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Tottenham have more than doubled the projected cost of their new stadium to £1billion, which will make it the most expensive in Europe.

Spurs chairman Daniel Levy continues to talk with interested parties to help finance the record-breaking build, but the initial £400m cost has been hiked considerably.

The £1bn cost actually represents the second substantial estimated price rise, with an earlier estimated cost increase to £750m revealed in their planning application.

469CAB4F00000578-0-image-m-2_1511372262793.jpg


+4
Tottenham's new stadium is beginning to take shape as the club showed off an aerial shot

469CDF5000000578-5108637-The_club_also_released_what_the_view_is_like_looking_towards_the-a-1_1511380269255.jpg

The club also released what the view is like looking towards the new single-tier South Stand

469CDF5800000578-5108637-They_posted_a_series_of_pictures_on_Twitter_showing_the_view_loo-a-2_1511380309583.jpg

They posted a series of pictures on Twitter showing the view looking across at the South Stand

06F90E48000005DC-5139907-image-a-319_1512250933895.jpg


+4
How Tottenham's new White Hart Lane stadium will look when it is completed

06F90EA6000005DC-5139907-image-a-320_1512250958265.jpg


+4
The construction costs of the new stadium have more than doubled to £1bn

Levy has confided to sources close to the build that the skyrocketing cost of Tottenham's new home, due to open ahead of next season, is in part due to the complexity of the project.

The designs for the 61,000-capacity stadium incorporate facilities for NFL, including two sliding pitches and additional large changing rooms fit for NFL use.

Construction work remains on schedule and the club have already spent over £100m on construction related work, according to planning documents.

469CDF5C00000578-5108637-image-a-3_1511374017907.jpg

An exterior shot shows the stadium beginning to take shape as construction continues

469CDF6300000578-5108637-image-a-4_1511374021396.jpg


+4
Several cranes can be seen as part of the work on the inside of the stadium bowl

Video playing bottom right...


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The remaining costs will be covered through a number of sources including debt, stadium naming rights and advance hospitality ticket sales.

Spurs will look to front load any deals to generate substantial cash upfront, similar to how Arsenal initially financed the Emirates.

Talks over naming rights are ongoing and the club says it has 'received expressions of interest from credible counterparties'. Levy has admitted the new ground will not be called White Hart Lane.

The club expect to generate an additional £28m a year from match days at the new stadium, a rise of more than 50 per cent, with the majority coming from the additional corporate hospitality facilities in the new stadium.

469CDF5400000578-5108637-image-a-5_1511374025147.jpg

They also gave a sneak peek of the current view when looking down from the terrace area

469CDF6800000578-5108637-image-a-6_1511374028064.jpg

One of the new steel 'trees' has also been installed to support the new South Stand

Spurs have no current debts unlike many Premier League rivals, but financial adviser Rothschild has approached three un-named banks, all of which have approved five-year loans worth a total of £350m. After five years the outstanding debt will be refinanced or put into longer-term bonds.

Latest estimates have revealed London rivals Chelsea also expect to spend £1bn to rebuild Stamford Bridge.



Read more: http://www.dailymail.co.uk/sport/fo...ottenham-stadium-soars-1bn.html#ixzz509qyCyNu
Follow us: @MailOnline on Twitter | DailyMail on Facebook
 
I don’t think ours will be as fancy as Spurs stadium, with sliding pitches, a cheese room and NFL style changing rooms. Which is a bit of a shame, but will probably make it easier to get a stadium for £300m, rather than £1Bn
I’d be surprised if it’s that low. No way if it’s near 60k capacity as we all hope would anything approaching “iconic and world class” be valued so low.
 
Staggering. What happens if we face a similar situation?

http://www.dailymail.co.uk/sport/football/article-5139907/Bill-new-Tottenham-stadium-soars-1bn.html

Bill for new Tottenham stadium soars from £400m to £1bn as club confront cost and complexity of project

  • Cost of Tottenham's new stadium has more than doubled to £1bn
  • Chairman Daniel Levy is trying to negotiate finance for the stadium build
  • The new White Hart Lane home was initially expected to cost £400m
  • 61,000-capacity ground increased to £750m and is now expected to cost £1bn
By Alex Miller For Mail On Sunday

PUBLISHED: 08:45 AEDT, 3 December 2017 | UPDATED: 08:45 AEDT, 3 December 2017



  • e-mail
13shares
93

View comments



Tottenham have more than doubled the projected cost of their new stadium to £1billion, which will make it the most expensive in Europe.

Spurs chairman Daniel Levy continues to talk with interested parties to help finance the record-breaking build, but the initial £400m cost has been hiked considerably.

The £1bn cost actually represents the second substantial estimated price rise, with an earlier estimated cost increase to £750m revealed in their planning application.

469CAB4F00000578-0-image-m-2_1511372262793.jpg


+4
Tottenham's new stadium is beginning to take shape as the club showed off an aerial shot

469CDF5000000578-5108637-The_club_also_released_what_the_view_is_like_looking_towards_the-a-1_1511380269255.jpg

The club also released what the view is like looking towards the new single-tier South Stand

469CDF5800000578-5108637-They_posted_a_series_of_pictures_on_Twitter_showing_the_view_loo-a-2_1511380309583.jpg

They posted a series of pictures on Twitter showing the view looking across at the South Stand

06F90E48000005DC-5139907-image-a-319_1512250933895.jpg


+4
How Tottenham's new White Hart Lane stadium will look when it is completed

06F90EA6000005DC-5139907-image-a-320_1512250958265.jpg


+4
The construction costs of the new stadium have more than doubled to £1bn

Levy has confided to sources close to the build that the skyrocketing cost of Tottenham's new home, due to open ahead of next season, is in part due to the complexity of the project.

The designs for the 61,000-capacity stadium incorporate facilities for NFL, including two sliding pitches and additional large changing rooms fit for NFL use.

Construction work remains on schedule and the club have already spent over £100m on construction related work, according to planning documents.

469CDF5C00000578-5108637-image-a-3_1511374017907.jpg

An exterior shot shows the stadium beginning to take shape as construction continues

469CDF6300000578-5108637-image-a-4_1511374021396.jpg


+4
Several cranes can be seen as part of the work on the inside of the stadium bowl

Video playing bottom right...


Loaded: 0%
Progress: 0%
0:05
Pause
Unmute

Current Time0:05
/
Duration Time1:00
Fullscreen




ExpandClose

The remaining costs will be covered through a number of sources including debt, stadium naming rights and advance hospitality ticket sales.

Spurs will look to front load any deals to generate substantial cash upfront, similar to how Arsenal initially financed the Emirates.

Talks over naming rights are ongoing and the club says it has 'received expressions of interest from credible counterparties'. Levy has admitted the new ground will not be called White Hart Lane.

The club expect to generate an additional £28m a year from match days at the new stadium, a rise of more than 50 per cent, with the majority coming from the additional corporate hospitality facilities in the new stadium.

469CDF5400000578-5108637-image-a-5_1511374025147.jpg

They also gave a sneak peek of the current view when looking down from the terrace area

469CDF6800000578-5108637-image-a-6_1511374028064.jpg

One of the new steel 'trees' has also been installed to support the new South Stand

Spurs have no current debts unlike many Premier League rivals, but financial adviser Rothschild has approached three un-named banks, all of which have approved five-year loans worth a total of £350m. After five years the outstanding debt will be refinanced or put into longer-term bonds.

Latest estimates have revealed London rivals Chelsea also expect to spend £1bn to rebuild Stamford Bridge.



Read more: http://www.dailymail.co.uk/sport/fo...ottenham-stadium-soars-1bn.html#ixzz509qyCyNu
Follow us: @MailOnline on Twitter | DailyMail on Facebook

Would be interesting to know what procurement route and contract Spurs are utilising for their stadium construction. Starting a project of this size and complexity without tying down a contractor to a fixed price deal seams very risky and not something you'd think someone as cute as Daniel Levy would do. If you believe this article though they may well have done so.

Makes me not too concerned that we aren't steaming into starting work on site. Time taken now to get all your site investigations, off site studies, working designs etc fully developed should ensure when the scheme is tendered, most potential risk items will be able to be costed by any potential contractors and not leave an open check book from the club.

I seem to recall that for all their failings, the FA when they rebuilt Wembley had Multiplex? tied down to a fairly fixed price deal that, with the ever rising costs of building it nearly sent them under.

I've had schemes where we were only developing four houses take over eight years to get to completion from securing an interest in the land. Only the people on the very inside will really know what's happening at the moment and they don't appear to want to give regular updates which I can fully understand.
 

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