Ainsworth Explains: Land Around The Ricoh (14 Viewers)

shmmeee · Nov 19, 2013

Bob Ainsworth said:
There has been much talk of the football club’s desire to own the Ricoh and the “adjacent” development land. Some have tried to suggest this is” Brownfield” land and that it is therefore worth very little. Others have given the impression that it is all integral to the Ricoh and therefore rightly should belong to whoever owns the stadium.
Today I publish an aerial photograph of the land in order to increase peoples’ knowledge of what is involved.

Can't post the image here, go to the website to see it, but it shows the Ricoh as three separate segments: The Ricoh, The development land between the Ricoh and Tesco, and Car Park C.

Seems the claim is being laid down, if indirectly, that if someone wants all of the development land they'll have to pay market prices for it.

Could be nothing, or could be signs of a speed bump in negotiations that this info is put out now. What say you?
Edit: *Around, damn you lack of title editing.

Captain Dart · Nov 19, 2013

You can post a picture?

SkyblueBazza · Nov 19, 2013

Would it be a surprise if at some point we find that SISU want to but the nice little purple bit? A stand alone 12k-15k Bescot Stadium-style ground might sit nicely in there lol

torchomatic · Nov 19, 2013

So what, Bob? CCC have been trying to hawk the land to the club and/or PH4 for months. Rather than doing the work themselves they want CCFC to do it for them.

ajsccfc · Nov 19, 2013

Leisure Land sounds like a theme park for old people.

dongonzalos · Nov 19, 2013

torchomatic said:
So what, Bob? CCC have been trying to hawk the land to the club and/or PH4 for months. Rather than doing the work themselves they want CCFC to do it for them.

He is just increasing your knowledge Torch.
Trust me that us a good thing

pusbccfc · Nov 19, 2013

What happened to Premier Inn and McDonalds buying the land where car park C is situated?

edgy · Nov 19, 2013

Plenty of room for SISU's prison, toxic waste storage facility and chemical weapon plant once they get their hands on the Ricoh.

Houchens Head · Nov 19, 2013

shmmeee said:
Edit: *Around, damn you lack of title editing.

Edit: *Around, damn you, lack of proof reading skills!

bigfatronssba · Nov 19, 2013

torchomatic said:
So what, Bob? CCC have been trying to hawk the land to the club and/or PH4 for months. Rather than doing the work themselves they want CCFC to do it for them.

I think he is highlighting that Les Reid was wrong when he suggested the site was worthless Brownfield land.

fernandopartridge · Nov 19, 2013

bigfatronssba said:
I think he is highlighting that Les Reid was wrong when he suggested the site was worthless Brownfield land.

Au contraire. It's worth as much as the market will pay. Can't see a long list of bidders, can you?

bigfatronssba · Nov 19, 2013

fernandopartridge said:
Au contraire. It's worth as much as the market will pay. Can't see a long list of bidders, can you?

The market value is also dependent on how desperate the current owner is to sell.

The Council hardly need to sell do they?

Grendel · Nov 19, 2013

bigfatronssba said:
The market value is also dependent on how desperate the current owner is to sell.

The Council hardly need to sell do they?

The market value has nothing to do with how desparate the current owner is to sell unless there are a queue of buyers banging on the door - which there isn't.

shy_tall_knight · Nov 19, 2013

I'm no expert on this but a piece of land with a canal to one side and a railway track to the other with restricted road access may not have as much value as Big Bob thinks.

bigfatronssba · Nov 19, 2013

Grendel said:
The market value has nothing to do with how desparate the current owner is to sell unless there are a queue of buyers banging on the door - which there isn't.

In a capitalist democracy the market value is determined by supply and demand. I.e. both the seller and the buyer. The value the seller is willing to accept and the value the buyer is willing to pay.

bigfatronssba · Nov 19, 2013

shy_tall_knight said:
I'm no expert on this but a piece of land with a canal to one side and a railway track to the other with restricted road access may not have as much value as Big Bob thinks.

It would be worth a few million IMO. The railway and canal isn't an issue, that was solved during the Bronze age with the invention of the Bridge.

Monners · Nov 19, 2013

It would be worth more if sold with outline planing permission (think the council as the landowner can do this through "permitted development"). So the council could set the parameters for the type of development allowed, which in itself would help to quantify the level of remediation required for the site i.e. level of remediation for residential is far greater than for a warehouse/storage for logistics. Of course all of this does depend on the demand for the land. Makes sense for logistics maybe as it is virtually on the M6.

SkyblueBazza · Nov 19, 2013

fernandopartridge said:
Au contraire. It's worth as much as the market will pay. Can't see a long list of bidders, can you?

I didn't know there was a bidding process in play!? This is local government...they can't just sell to whoever they like the most or whatever - it is all open to public scrutiny. There is a (perceived at least) fair-to-all process that will be followed if & when it is put onto the market. Only THEN will bids be invited.

SkyblueBazza · Nov 19, 2013

Grendel said:
The market value has nothing to do with how desparate the current owner is to sell unless there are a queue of buyers banging on the door - which there isn't.

How do you know there isn't?

M&B Stand · Nov 19, 2013

It's a shame that the council see an empty football stadium and some brown field land as more of an asset than its historic old football club.

fernandopartridge · Nov 19, 2013

bigfatronssba said:
It would be worth a few million IMO. The railway and canal isn't an issue, that was solved during the Bronze age with the invention of the Bridge.

Bridge from where? Think about its access points

shy_tall_knight · Nov 19, 2013

bigfatronssba said:
It would be worth a few million IMO. The railway and canal isn't an issue, that was solved during the Bronze age with the invention of the Bridge.

Magnificent idea a bridge I don't think they would be building a bridge over the canal part not sure anybody would want to go there, over the railway into the stadium I think there would be a road bridge from the opposite end to the retail complex. Could be the ideal place for the much sought after hotel complex which ACL have often wanted to increase the viability of the conferences / events etc..

It has development potential but unlikely to get SISU their millions back.

SkyblueBazza · Nov 19, 2013

M&B Stand said:
It's a shame that the council see an empty football stadium and some brown field land as more of an asset than its historic old football club.

In a world where money appears to be God...it's hardly surprising that they do what they see fit to protect their own assets just like the Club's owners do. Social & moral responsibility seem to mean nothing to many in positions of power.

SkyblueBazza · Nov 19, 2013

fernandopartridge said:
Bridge from where? Think about its access points

In this day & age "access points" are easily overcome. Trample over a few locals with compulsory purchase orders & voila!

bigfatronssba · Nov 19, 2013

Actually looking at google maps access is already in place with the road behind Tescos.

RPHunt · Nov 19, 2013

I think it is a rather timely reminder from Mr Ainsworth as to what SISU are expecting to be gifted. There is a rather large chunk of development land that could, but not necessarily, form part of a larger leisure development attached to the Arena.

The area certainly has potential and the future value of this land, in a better economic climate, should be reflected in its value today. So don't expect this land to be handed to SISU as the price of bringing the club back.

Ashdown1 · Nov 19, 2013

I do count myself as a bit of an environmentalist but just out of interest who owns that good chunk of wasteland/green area on the right of the picture on the other side of the canal??

bigfatronssba · Nov 19, 2013

RPHunt said:
I think it is a rather timely reminder from Mr Ainsworth as to what SISU are expecting to be gifted. There is a rather large chunk of development land that could, but not necessarily, form part of a larger leisure development attached to the Arena.

The area certainly has potential and the future value of this land, in a better economic climate, should be reflected in its value today. So don't expect this land to be handed to SISU as the price of bringing the club back.

That's the important thing to remember. From the taxpayers point of view as things stand the best thing to do is wait until the economy picks up a bit and then sell the land for development.

bigfatronssba · Nov 19, 2013

Ashdown1 said:
I do count myself as a bit of an environmentalist but just out of interest who owns that good chunk of wasteland/green area on the right of the picture on the other side of the canal??

Presumably the Council?

That's the River Sowe floodplain.

fernandopartridge · Nov 19, 2013

SkyblueBazza said:
In this day & age "access points" are easily overcome. Trample over a few locals with compulsory purchase orders & voila!

You were talking about moral obligations earlier weren't you?

Houchens Head · Nov 19, 2013

Whenever I've driven past the Ricoh Arena, I don't recall seeing large amounts of blue, red and pink netting covering the area? :thinking about:

Ashdown1 · Nov 19, 2013

bigfatronssba said:
Presumably the Council?

That's the River Sowe floodplain.

Where does the river run then, I take it that it must go underground?

fernandopartridge · Nov 19, 2013

RPHunt said:
I think it is a rather timely reminder from Mr Ainsworth as to what SISU are expecting to be gifted. There is a rather large chunk of development land that could, but not necessarily, form part of a larger leisure development attached to the Arena.

The area certainly has potential and the future value of this land, in a better economic climate, should be reflected in its value today. So don't expect this land to be handed to SISU as the price of bringing the club back.

I would imagine it will be sold as development land which takes that sort of thing into account.
If only I could sell my house for more today on the basis that it might be worth more tomorrow.

Ashdown1 · Nov 19, 2013

fernandopartridge said:
I would imagine it will be sold as development land which takes that sort of thing into account.
If only I could sell my house for more today on the basis that it might be worth more tomorrow.

You probably could pal but only in London !!

jesus-wept · Nov 19, 2013

The piece of land over the other side of the canal is known locally as the Red Hills. I seem to remember when the Arena scheme was first hatched under Richardson's watch the Red Hill part being mentioned to be redeveloped into some sort of marina type complex with leisure and waterside housing etc, bit pie in the sky to be honest but there is a decent piece of land there and could be valuable to the right people.

Ainsworth Explains: Land Around The Ricoh (14 Viewers)

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