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So we've exchanged money for something that may or may not happen?
Can you really argue against what he's saying? There's a report out there that's been commissioned about the finance deal, and it's being kept secret. Even if you support the deal as described by the Mayor, think it's win-win for everyone involved, you've got to admit that's not a great look. "Commercial confidentiality" is the reason given apparently, and I guess that's fair enough up to a point, but that kind of language reminds me so much of the obfuscation around the LS it's not funny:
https://www.theguardian.com/football/2015/sep/15/west-ham-details-olympic-stadium-deal
Whatever you think of the Lib Dems, is it really surprising people (and particularly other councilors who have to vote on this) want to know what this report contains, that they're not willing to simply take the Mayor at his word that it's a great deal?
Think the better question is "Why would he?"
Answer that, and the path gets cleared of nettles and brambles. @Brisan123
He could have but at a higher rateNeither have we yet mate.
Couldn't Moshiri have borrowed the money himself with the same low level of interest?
So we've exchanged money for something that may or may not happen?
I think roydo is trying to hint at and answer ‘why fund it this way?’ ..
Should / could there be any ‘issues’ with getting planning permission i.e world heritage status, kite flyers etc etc. Then the council would be a lot more leanient with things knowing that they are making a good wack out of all this.
Imagine the stick the guy/girl refusing planning would be getting - they’d be costing the city of liverpool £7m a year. So this deal is a little like a sweetner. The more you think about things the clearer things become...
Thiughts @roydo ?
As in "why fund it this way" being the LCC loan? Maybe, cos if the council are effectively partners in the thing, then getting stuff through PP could be, er, "smoother".
Its the funding of the balance that could be interesting. If Moshiri was to underwrite it, I am led to believe a fully funded project gets through PP easier.
Lob in other interested parties, including LCC), and a more complete picture starts to take shape, and make more and more sense.
To some observers anyrate.
Yes, thats what i was getting at, smother is the word i was looking for. I think its obvious why we are getting LCC involved
I bet Dan Meis hasn’t even picked up a pencil yet.
See that new tower block they have started next to Princess dock, I'm sure we have been talking about ours longer but that will be finished while we're still messing about