Issue - meetings

The purpose of this report is to provide the Executive with an update on the progress of the Community Stadium project.

RESOLVED: (i)         That the progress made to date on the Community Stadium Project be noted.

                        (ii)        That approval be given to continue with the detailed feasibility work and preparation of the business case and to further explore potential partnerships to achieve wider community benefits.

                        (iii)       That a report summarising the business case for the project be brought to the Executive by July 2010.

REASON:      To ensure that Members are kept informed and updated on the progress of the project.

Members considered a report which provided an update on the progress of the Community Stadium project.

It was reported that the project was on track and that options to take it forward would be brought to the Executive by July 2010.  The feasibility work was currently being finalised and a range of options were being tested.   Development appraisals for the most appropriate sites and uses were under way.  The feasibility work had identified an opportunity to lever in significant funds from commercial development, which could provide the funding required to deliver the stadium, the wider community benefits and the future of the City’s professional sports clubs.

Details of progress on the key strands of work undertaken since June 2009 were attached as Annex 1 to the report.  It was not possible at this stage to provide specific details regarding sites, costs and uses as this might jeopardise the interests of the Council and its partners, as well as the successful delivery of the project.  

RESOLVED: (i)         That the progress made to date on the Community Stadium Project be noted.

                        (ii)        That approval be given to continue with the detailed feasibility work and preparation of the business case and to further explore potential partnerships to achieve wider community benefits.

                        (iii)       That a report summarising the business case for the project be brought to the Executive by July 2010.¹

REASON:      To ensure that Members are kept informed and updated on the progress of the project.