| Topic: | Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Enabling Brentford FC new stadium - how about this | |
| Posted by: | Lorne Gifford | |
| Date/Time: | 04/01/14 21:33:00 |
| The 333% return on investment you state is a missleading figure, as no doubt you know. There is a big difference between building cost and selling cost, which is why your house insurance is for a rebuild amount substantially less than the market value. You can build 200 flats and 100 townhouses for around £30m, and you can sell then at today's market prices for about £130m. Griffin park is owned by BFC, Lionel Road is worth perhaps £10m if it only has permission for the maximum recommended density of 200 flats. Agreed it's worth a lot more if you're allowed to build a stadium and 910 flats - that's why the developers are so keen on putting such a grotesque development squeezed into an inadequate area. So I missed the £10m to buy Lionel road in my original cost estimate - big deal. As to transport connections, as I have stated, there is a tube and 2 train stations in comfortable walking distance of the training ground and the roads far larger and less densely used than the bottleneck of Kew Bridge. Granted there is no bus route, but are you really suggesting you wouldn't build a £70 million stadium simply because no one runs a bus there? Perhaps you would suggest to a bus company that they might like to run one (or two) buses past there on a Saturday afternoon. Bus companies operate for profit so if the demand is there then the buses will run. Apologies if I teaching you some fundamental economics here but I really find it extraordinary that people are prepared to defend something that is so plainly stupid with equally stupid reasoning. Incidentally, Lionel Road isn't particularly near me, but I do drive over Kew Bridge quite a lot so I am well aware that traffic density is already exceeding capacity. I can also see the new flats near McDonalds and the Steam Museum which I suspect will add to the traffic (feel free to correct me if you think I'm wrong here). I also drive to and from Heathrow every once in a while, so know that the 8 mile run there can be a lot quicker than the 1 mile for me to cross into Kew. |