This messageboard is for Adults 18 years and over.
If you are under this age please leave the board.
Luton Outlaws accepts no responsibility for the content of this messageboard nor any other
content posted on it.
Luton Outlaws disclaims all liability for such content to the fullest extent permitted by law.
What you read on here is 100% conjecture, fiction, lies, bullshit and complete bollocks.
If you want to be taken seriously, you are in the wrong place.
Any potentially libellous comments that might jeopardise the future of this messageboard will therefore be deleted, and the person posting them will receive a
ban.Enjoy.
I'm going to kick myself for asking what is obvious but why is it a good idea to remove the requirement to build affordable housing?In the land of the blind the one eyed man is king
Based on what is in the above link, 2020 Developments are saying that if they have to include affordable housing, the development would lose about £50m.
If house prices went up by 5% it would still lose £30m.
Their costs on infrastructure etc are at £27m. Plus £6m on moving the substation.
I think from the report, and reading between the lines, even without affordable housing, they're still losing money form the overall development?
(BNP Paribas were asked by LBC to carry out their own independent analysis and they agreed with the club's figures)
There's no loss on building the apartments. Have a look at the Viability Report submitted by 2020. It shows that the profit margin with affordable housing would be too low to make the project viable. In other words, it would be a risk too far for potential developers if certain conditions changed (obviously future problems in the building industry such as wars, Trumpisms, etc are unknown).
The removal of the need for affordable housing pushes up the profit margin to attractive levels for potential developers. Mr J.C. Lomax having been called upon to give his opinion upon the proposed formation of a Town Club, said he was most emphatically in favour of a proposed Luton Town Football Club - 11th April 1885
Some fascinating stuff there. See my post above with the amounts being given to highways and education. Mr J.C. Lomax having been called upon to give his opinion upon the proposed formation of a Town Club, said he was most emphatically in favour of a proposed Luton Town Football Club - 11th April 1885
To be fair, they were probably true at the time. There are always something unforeseen in major infrastructure builds, especially around costs
It's such a complex project that will continue to need a lot of hard work managing it even when the stadium starts getting built. I've worked for major infrastructure builders in the past and overseeing these things involves getting immersed in stuff and, often, taking up long hours. Needs total commitment from whoever is looking after PC's construction
The club have done brilliantly to get us this far but there are more hard yards to get through
I am not sure that was ever a direct quote from the club, at one point the whole development (I think was including original plans) was estimated to cost £950m.
Amyone would have to be a basket case to think one season in Prem covers that. Maybe fully funded referred to the stadium part.
Congratulations to Gary Sweet, Mike Moran and all those involved for progressing this matter to the present situation and fingers crossed that the Committee agree with the recommendation.
+1Mr J.C. Lomax having been called upon to give his opinion upon the proposed formation of a Town Club, said he was most emphatically in favour of a proposed Luton Town Football Club - 11th April 1885
The posts made on this board are the opinions of the people posting them and do not always reflect the opinion of the board
administration.
Luton Outlaws is a totally independent forum, paid for and run by supporters of Luton
Town and is not associated with Luton Town Football Club, lutontown.co.uk, lutonfc.com, Loyal Luton Supporters Club, Trust in Luton, Luton Town Supporters Club or
anyone else for that matter and is declared a 100% Tombola Free Zone.
Luton Outlaws accepts no responsibility for the content of this messageboard nor any
other content posted on it. Luton Outlaws disclaims all liability for such content to the fullest extent permitted by law.
What you read on here is 100% conjecture, fiction, lies, bullshit and complete bollocks. If you want to be taken seriously, you are in the wrong place.
Enjoy. Admin contact - dilligaf.outlaws@gmail.com.
on 7/8/2025, 11:45:08
