You're making the assumption that they hadn't agreed a deal in principle for the amount of finance they expected to need. Moshiri was pillard for not forking out the cash himself but when he does to start the build people lose their minds that we are not aware of which institution is actually going to finance the last bit. Of course it wasn’t for the whole amount fixed over a longer term so in that case you could say it was a fail, but it might not be the finger in the wind and hope for the best that you are making it out to be either.
We'd also pumped in tens of millions into the project before the war and all of that would have been wasted. If you wait for the perfect time to build a stadium it might never happen. The club believed they could get over the line so they continued, if they thought it was more likely to fail than succeed they would have canned it.
If when the final tranche to Laing is due the club roll out the details that it has been paid by x bank will you admit to being too harsh on them? And if they appear to be scrambling around trying to borrow here, there and everywhere to get it done I'll admit I was wrong and you were right.
If Goodison was developed correctly in the 80/90's they would have probably stayed. They would have needed to have had a two tier PE and perhaps a cantilevered roof for the GS and BR, that would have at least got the capacity to mid 40's and most of the ground would have unrestricted views. At the same time they would have had to have started buying up most of the property around the ground that could then limited the expenses and problems when it came to redevelopment. Even so there would be still less space around a new Goodison than almost any other ground you can name. limited space means you don't get the fan plaza that can help pull in customers.
I've also said this to you before you aren't going to immediately bring loads of new people to Goodison especially the ones who would fork out most money. Look at the beautiful views out of our new Main Stand restaurant over victorian terraces etc. etc... For the amount you would pay to rebuild the stadium the extra 20k you've created would be nullified by the amount you are paying to cover the loans to do so. No increase in income and not really much added to the value of the club. The 53k at BM will earn more than 60k at Goodison.
To build anything naturally stretches the pockets of football clubs, you sometimes have to speculate to accumulate.