bathursttiger1
Well-known member
Tax write off.What would a private investor stand to gain bankrolling an upgrade of a council owned oval. I would have thought there a better ways to invest millions of dollars.
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Tax write off.What would a private investor stand to gain bankrolling an upgrade of a council owned oval. I would have thought there a better ways to invest millions of dollars.
PRIVATE INVESTMENT PUSH
There is a general agreement that Leichhardt and Campbelltown require a refurbishment in line with other NRL grounds – and that could mean private investment.
“We all readily acknowledge that Leichhardt needs work and it’s not of NRL standard as far as change rooms and corporate facilities,” Hagipantelis said.
“There was, of course, a promise of $50m which the Government reneged on and, unfortunately, there isn’t an election – state or Federal – for quite some time so it will be difficult for us to bring any pressure to bear on government to fund any upgrade to Leichhardt Oval.
“But we are in earnest discussions with council – Campbelltown, Liverpool and the Inner-West – about what can be done to raise funding and we are prepared to explore all options, including private equity into the stadiums, if available, to help fund refurbishments of those stadiums.
“We would even be open, and in fact encourage, private equity. We’re exploring those opportunities; investors who are prepared to invest in the redevelopment of a stadium for a return on that investment whereby they would have an equitable holding in those facilities, an ownership share.
“There would be some arrangement made where they receive a return on their investment as a joint venture with council, who are open to discuss the opportunity but there would be a detailed and lengthy process to get through from a council perspective.
“I can’t envisage any scenario where Wests Tigers will not play at Leichhardt Oval in the future. Leichhardt Oval is an institution and it will always figure largely in the Wests Tigers calendar so the suggestion we will never play another game there has got no basis or merit whatsoever.”
Will end up like our roads. We will be paying a fortune to walk through the gates so the investors get a return on their dollarsPRIVATE INVESTMENT PUSH
There is a general agreement that Leichhardt and Campbelltown require a refurbishment in line with other NRL grounds – and that could mean private investment.
“We all readily acknowledge that Leichhardt needs work and it’s not of NRL standard as far as change rooms and corporate facilities,” Hagipantelis said.
“There was, of course, a promise of $50m which the Government reneged on and, unfortunately, there isn’t an election – state or Federal – for quite some time so it will be difficult for us to bring any pressure to bear on government to fund any upgrade to Leichhardt Oval.
“But we are in earnest discussions with council – Campbelltown, Liverpool and the Inner-West – about what can be done to raise funding and we are prepared to explore all options, including private equity into the stadiums, if available, to help fund refurbishments of those stadiums.
“We would even be open, and in fact encourage, private equity. We’re exploring those opportunities; investors who are prepared to invest in the redevelopment of a stadium for a return on that investment whereby they would have an equitable holding in those facilities, an ownership share.
“There would be some arrangement made where they receive a return on their investment as a joint venture with council, who are open to discuss the opportunity but there would be a detailed and lengthy process to get through from a council perspective.
“I can’t envisage any scenario where Wests Tigers will not play at Leichhardt Oval in the future. Leichhardt Oval is an institution and it will always figure largely in the Wests Tigers calendar so the suggestion we will never play another game there has got no basis or merit whatsoever.”
Suits me! 90 minute drive versus 5 hours!Looks like people on here can’t agree on which ground to use, so I’ll move to have our home games at a place where we have a 100% win record, and that is Carrington Park Bathurst.
That's garbage.No one goes to Campbelltown, even when we're winning. They pack Leichhardt out even when we're losing.
The stadium plan is missing stadiums.
Penrith getting $300 million for a new stadium is an absolute travesty.Maybe the plural part, but despite the size and riches of Penrith Leagues, they are getting one.
This is a post straight out of 2006No one goes to Campbelltown, even when we're winning. They pack Leichhardt out even when we're losing.
Such a stupid comment !No one goes to Campbelltown, even when we're winning. They pack Leichhardt out even when we're losing.
No one goes to Campbelltown, even when we're winning. They pack Leichhardt out even when we're losing.
These threads generate these postsSuch a stupid comment !
So Australias first indoor stadium with Meriton apartments on top.PRIVATE INVESTMENT PUSH
There is a general agreement that Leichhardt and Campbelltown require a refurbishment in line with other NRL grounds – and that could mean private investment.
“We all readily acknowledge that Leichhardt needs work and it’s not of NRL standard as far as change rooms and corporate facilities,” Hagipantelis said.
“There was, of course, a promise of $50m which the Government reneged on and, unfortunately, there isn’t an election – state or Federal – for quite some time so it will be difficult for us to bring any pressure to bear on government to fund any upgrade to Leichhardt Oval.
“But we are in earnest discussions with council – Campbelltown, Liverpool and the Inner-West – about what can be done to raise funding and we are prepared to explore all options, including private equity into the stadiums, if available, to help fund refurbishments of those stadiums.
“We would even be open, and in fact encourage, private equity. We’re exploring those opportunities; investors who are prepared to invest in the redevelopment of a stadium for a return on that investment whereby they would have an equitable holding in those facilities, an ownership share.
“There would be some arrangement made where they receive a return on their investment as a joint venture with council, who are open to discuss the opportunity but there would be a detailed and lengthy process to get through from a council perspective.
“I can’t envisage any scenario where Wests Tigers will not play at Leichhardt Oval in the future. Leichhardt Oval is an institution and it will always figure largely in the Wests Tigers calendar so the suggestion we will never play another game there has got no basis or merit whatsoever.”
What? 🤔If your a smart man, playing the remaining sides in the joint venture would bring in the private investment
To tigers diehards: we’ll we said we want to go back to suburban grounds, but LO really need some of the Balmain supporter to dig deep to make sure the NRL approve it and that it has a long and successful future.
To wests die hards: I know we are about to get some government funding but wow you should really see what a few of those Balmain benefactors are doing to LO! It’s such a shame that CSS is never mentioned in the same standing. We just need a few dollars thrown in by the wests side and we could really make CSS the jewel in the crown.
All those that choose not to play in taking sides: Sit back and enjoy two top notch suburban stadiums and possibly with any luck never hearing the sound of hot potato again.
(Ps there is a chance it’s written into the contract that the big red bus is played after every try)
Pork barrellingPenrith getting $300 million for a new stadium is an absolute travesty.
Penrith are getting a new stadium in an attempt to save Stuart Ayres arse and retain government in NSW.Maybe the plural part, but despite the size and riches of Penrith Leagues, they are getting one.
And the State Government builds a fancy new stadium for the Roosters.Penrith getting $300 million for a new stadium is an absolute travesty.
PRIVATE INVESTMENT PUSH
There is a general agreement that Leichhardt and Campbelltown require a refurbishment in line with other NRL grounds – and that could mean private investment.
“We all readily acknowledge that Leichhardt needs work and it’s not of NRL standard as far as change rooms and corporate facilities,” Hagipantelis said.
“There was, of course, a promise of $50m which the Government reneged on and, unfortunately, there isn’t an election – state or Federal – for quite some time so it will be difficult for us to bring any pressure to bear on government to fund any upgrade to Leichhardt Oval.
“But we are in earnest discussions with council – Campbelltown, Liverpool and the Inner-West – about what can be done to raise funding and we are prepared to explore all options, including private equity into the stadiums, if available, to help fund refurbishments of those stadiums.
“We would even be open, and in fact encourage, private equity. We’re exploring those opportunities; investors who are prepared to invest in the redevelopment of a stadium for a return on that investment whereby they would have an equitable holding in those facilities, an ownership share.
“There would be some arrangement made where they receive a return on their investment as a joint venture with council, who are open to discuss the opportunity but there would be a detailed and lengthy process to get through from a council perspective.
“I can’t envisage any scenario where Wests Tigers will not play at Leichhardt Oval in the future. Leichhardt Oval is an institution and it will always figure largely in the Wests Tigers calendar so the suggestion we will never play another game there has got no basis or merit whatsoever.”
Pascoe is a lot of things, but he does know how to secure external investment. God only knows how he got the funding for not just 1, but 2 COEs (Cambo one). He'll be in his element here.PRIVATE INVESTMENT PUSH
There is a general agreement that Leichhardt and Campbelltown require a refurbishment in line with other NRL grounds – and that could mean private investment.
“We all readily acknowledge that Leichhardt needs work and it’s not of NRL standard as far as change rooms and corporate facilities,” Hagipantelis said.
“There was, of course, a promise of $50m which the Government reneged on and, unfortunately, there isn’t an election – state or Federal – for quite some time so it will be difficult for us to bring any pressure to bear on government to fund any upgrade to Leichhardt Oval.
“But we are in earnest discussions with council – Campbelltown, Liverpool and the Inner-West – about what can be done to raise funding and we are prepared to explore all options, including private equity into the stadiums, if available, to help fund refurbishments of those stadiums.
“We would even be open, and in fact encourage, private equity. We’re exploring those opportunities; investors who are prepared to invest in the redevelopment of a stadium for a return on that investment whereby they would have an equitable holding in those facilities, an ownership share.
“There would be some arrangement made where they receive a return on their investment as a joint venture with council, who are open to discuss the opportunity but there would be a detailed and lengthy process to get through from a council perspective.
“I can’t envisage any scenario where Wests Tigers will not play at Leichhardt Oval in the future. Leichhardt Oval is an institution and it will always figure largely in the Wests Tigers calendar so the suggestion we will never play another game there has got no basis or merit whatsoever.”