Issue - decisions
New Stadium Leisure Complex Commercial Proposal on Restaurant Units
16/12/2020 - New Stadium Leisure Complex Commercial Proposal on Restaurant Units
Resolved: (i) That Option 1 be approved, accepting that the three restaurant units are not let at Practical Completion and the associated reduction of £1.375m in capital receipt towards the Stadium project.
(ii) That the additional ongoing Treasury Management costs of £96k, which will need to be incorporated into future years’ budget strategies, be recognised.
Reason: To ensure that the stadium is fully funded at the lowest risk to finances going forward.