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That proposition was always too good to be true.http://www.geelongadvertiser.com.au...nd-training-base/story-fnjuhrxq-1227169454096
GEELONG will have to fork out up to $20 million for its second training base after its proposed Armstrong Creek venue was finally declared “dead in the water”.
The Cats were meant to inherit an $11.5 million training facility free of charge as part of a deal with Keystone Business Park, in which the club would have been an anchor tenant in the $1 billion precinct off Barwon Heads Rd.
In late 2011, the Cats announced a contra deal with Keystone Business Park by which the club would be given an exclusive training centre at Armstrong Creek, funded entirely by Keystone. In exchange, the Cats provided sponsorship privileges to Keystone.
The facility was due for completion by the end of last year, but it never got off the ground and the Cats were forced to write off $1.93 million from their balance sheet last year as a result.
Cook confirmed the project had been “pretty much” abandoned — the strongest admission by the club yet after a lack of investment at the site.
Good on the Hawks for their forward thinking and bold plans. With their strong supporter base and sponsor support (just why the Tasmanian Government tips in so much still astounds me) reckon they will get it done without having too many finance issues.




or buy a failed winery down the Peninsula.

