If the fans are going to pay for the venture, we should pay for the venture.
The club are never going to pay for it so its a false start by asking them. The project needed to prove to the club it would work and then maybe go to the club after its up and running to maybe fund some of the more extravagant touches or pay for some integration, maybe a ticket barrier into the fan park or something like that to keep it integrated.
Several of us stated we would pay towards something tangible. This is something tangible. Its also a low amount of money so it would be a quick win to show that the fans can make a difference and fans like you can use it to shame the current owners if you so wish
Look at it another way, say you needed a conservatory on your house and it was going to cost £20K, a friend said he'll build it for you if you get the drawings done, which will cost £200, why would you turn him down ? You are getting your property improved at virtually no cost to you and added value for when you sell the property.
There is more than the £900 behind the refusal, what could be the reason ?