RussellEbertHandball
Flick pass expert
So the AFL will put in $50mil. If its from The AFL's Future Fund then where is it going to get the money from to subsidise the GC and WS teams who will need large hand outs, the GC in the first 5 years maybe 10 and the WS team for the first 10 years, probably first 20?
If the AFL goes and borrows the funds are the GC going to have to effectively pay back the loan, ie make the stadium deal less favourable and more like a Docklands set up? I assume the Qld government will charge a reasonable rent on the ground. Who knows how "clean" this stadium will be, but there will be some pretty high fixed costs associated with it.
I wouldn't be surprised if this deal means the WS team is delayed until 2015 the original date the AFL talked about getting a team into WS.
Then again unless the LNP match this and if they win who knows if this will go ahead. I assume it doesn't matter as this is an election promise and whilst the government is in caretaker mode it can't sign contracts to make commitments for a new government. So until the election is over and contracts are signed it isn't a done deal yet.
If the AFL goes and borrows the funds are the GC going to have to effectively pay back the loan, ie make the stadium deal less favourable and more like a Docklands set up? I assume the Qld government will charge a reasonable rent on the ground. Who knows how "clean" this stadium will be, but there will be some pretty high fixed costs associated with it.
I wouldn't be surprised if this deal means the WS team is delayed until 2015 the original date the AFL talked about getting a team into WS.
Then again unless the LNP match this and if they win who knows if this will go ahead. I assume it doesn't matter as this is an election promise and whilst the government is in caretaker mode it can't sign contracts to make commitments for a new government. So until the election is over and contracts are signed it isn't a done deal yet.