Redevelopment Closer Than Ever?

[DavCobb]

Am I the only person who doesn’t understand what any of this has to do with Homes England - my understanding is their mandate is concerned with the regeneration of brown fields land for affordable housing - not stadium and warehouse developments

Maybe they want to make sure the toxic wasteland is not suitable for some flat pack rabbit warrens....or want to confirm their cut.

[Manwork04]

You’ve been possessed by the spirit of Derek 👿

😵‍💫

[Terryfenwickatemyhamster]

Maybe they want to make sure the toxic wasteland is not suitable for some flat pack rabbit warrens....or want to confirm their cut.

None of our business is it?

[Manwork04]

None of our business is it?

Look out saint Kelvins biggest fan is here to protect his good name.

[Terryfenwickatemyhamster]

Look out saint Kelvins biggest fan is here to protect his good name.

I just don't think the petty jealousy of the likes of you and few others, are relevant to any land deal external to the clubs business.

You might as well go and have a shout at Travis Perkins, Wrefords.

[DavCobb]

None of our business is it?

I was referring to Homes England's cut. I have no issue with KT and co's cut, they have more than earnt it with their persistence over the years. I'm sure there are easier ways to make a bit of money! Fixed term savings account?! 
Any debt is pretty immaterial as they hardly have any assets (other than the land) to recover it from and I never remember the land being lauded when Sixfields was built. It has however become a poisoned chalice ever since, so good riddance to it.

[the grumpy old man]

I can't be bothered reading all this stuff, is there any sign it will be finished by the start of next season, it really has gone on too loooooooooooooong?

[Shoemaker]

I can't be bothered reading all this stuff, is there any sign it will be finished by the start of next season, it really has gone on too loooooooooooooong?

Is there any sign it will be started before next season 

[Worthless Recluse]

Is there any sign it will be started before next season 

I'm sure KT hopes it will, which is important.
So do I.
If being non of our business is an interesting concept.

[Manwork04]

You have to forgive Tel, with his bizarre “none of our business”comments, he’s very taken with KT and his silvery tongue.

[Terryfenwickatemyhamster]

You have to forgive Tel, with his bizarre “none of our business”comments, he’s very taken with KT and his silvery tongue.

It is none of our business. Unless you, or indeed anybody else, would like to tell me how a business transaction that requires nothing of NTFC, has anything to do with the Cobblers. And especially its supporters. Other than one of the directors has a stake in it. On that basis, I’m assuming you and others would have deemed it appropriate to have told Barry Stonehill how to conduct his estate agency. Or Cardoza on his dealings in the city. All I care about is the East stand completion, and the solvency of NTFC during the current tenure, and in the future. How is that remotely bizarre.

[Worthless Recluse]

You have to forgive Tel, with his bizarre “none of our business”comments, he’s very taken with KT and his silvery tongue.

Do you think so? I hadn't noticed.

[TVOR]

Am I the only person who doesn’t understand what any of this has to do with Homes England - my understanding is their mandate is concerned with the regeneration of brown fields land for affordable housing - not stadium and warehouse developments

From memory (cant find the original report from WNC)...
Homes England transferred the land to WNC (or whatever it was before) for £1 with an agreement that they would get 50% overage on a sale price that was more than the value for housing. As the sale price is less, Homes England have to sign to say they are happy with the valuation and therefore agree to get paid nothing extra for the land. Although I think there are some clauses that the club have to pay them a % if they then sell the land on for profit.
As the JR has concluded positively I don't see there being any objection but Public bodies are slow to react, lawyers are slow to react, lawyers at public bodies are a delightful combination of both. But it still KT's fault.

[Worthless Recluse]

From memory (cant find the original report from WNC)...
Homes England transferred the land to WNC (or whatever it was before) for £1 with an agreement that they would get 50% overage on a sale price that was more than the value for housing. As the sale price is less, Homes England have to sign to say they are happy with the valuation and therefore agree to get paid nothing extra for the land. Although I think there are some clauses that the club have to pay them a % if they then sell the land on for profit.
As the JR has concluded positively I don't see there being any objection but Public bodies are slow to react, lawyers are slow to react, lawyers at public bodies are a delightful combination of both. But it still KT's fault.

What if they think it's been sold for less than it should have been? The JR concluded that the process was correct but there was a higher offer on the table. Hasn't some of the land already been remediated and fit for housing?
Is it possible that Cildara are having advisory talks with Homes England?
Is that stood down councillor involved and is he getting his message across to the public of Northampton?
Or has another boss misplaced their pen.

[Shoemaker]

What if they think it's been sold for less than it should have been? The JR concluded that the process was correct but there was a higher offer on the table. Hasn't some of the land already been remediated and fit for housing?
Is it possible that Cildara are having advisory talks with Homes England?
Is that stood down councillor involved and is he getting his message across to the public of Northampton?
Or has another boss misplaced their pen.

If the land was fit for housing there is no way the original deal would go through as the land would be worth millions more and other land developers/house builders would surely pay much much more meaning great news for the Northampton taxpayer and bad news for David.
You’d have to be a little bit bonkers to remediate the land for housing unless the deal was signed off under the hypothetical ideal that it was only fit for warehouses.
Mind you I can see anyone pointing this out to the council gaining their full attention as the furore if the council sold land for a couple of million when it was blatantly worth millions more as housing land wouldn’t be worth thinking about.

Then again david is a lawyer by trade I believe and I’d imagine he’d have all bases covered in this eventuality.
It would be very damaging for him and the club financially if the deal isn’t signed off because of these perceived hypothetical circumstances

[guest3670]

Is it possible that people need to effing calm down a bit? 

[Worthless Recluse]

If the land was fit for housing there is no way the original deal would go through as the land would be worth millions more and other land developers/house builders would surely pay much much more meaning great news for the Northampton taxpayer and bad news for David.
You’d have to be a little bit bonkers to remediate the land for housing unless the deal was signed off under the hypothetical ideal that it was only fit for warehouses.
Mind you I can see anyone pointing this out to the council gaining their full attention as the furore if the council sold land for a couple of million when it was blatantly worth millions more as housing land wouldn’t be worth thinking about.

Then again david is a lawyer by trade I believe and I’d imagine he’d have all bases covered in this eventuality.
It would be very damaging for him and the club financially if the deal isn’t signed off because of these perceived hypothetical circumstances

Some of it....Maybe I dreamed that. Or perhaps there's varying degrees of remediation.

[Worthless Recluse]

Is it possible that people need to effing calm down a bit? 

Who's overheating?

[Peter Frost]

I'm not 100% sure but I believe they have a stake in the ownership of the land from a previous scheme and it means they stand to get a share of any overage in the redevelopment. I don't know the specifics but maybe they have to agree on what the percentages are?

Thanks - yes makes sense if it's a brown field site that might have been used for housing but I would be surprised if they had a massive say in proceedings or indeed introduce significant delays to the proces.

[DavCobb]

Hasn't some of the land already been remediated and fit for housing?

Which bits? I wasn't aware that the land would ever be suitable for housing. It's got it's own central heating though.  


The Homes England interest is covered in here:

https://westnorthants.moderngov.co.uk/documents/s5093/Disposal%20of%20Land%20at%20Sixfields%20Northampton.pdf

I think sweary Barty needs to calm down. Not worth losing your rag over. The thread is donkeys years old, so there isn't going to be a lot of original content.