Soccer team saving the world by building housing
Posted: Fri Jan 05, 2024 2:35 pm
I can imagine how well this will go. In most of these shit shows they invest huge sums of money building the income attracting aspects of the facilities, like the stadium, commercial office space and and hotel, suddenly find they are massively over budget and abandon the rest. It seems so counter to all reason to have big soccer club doing this that I can't imaging anything will go the way they claim, it's bizarre indeed.
https://www.news.com.au/finance/real-es ... 1027e98189
Ah, ok I see, they used this as a bribe to get their licence to play football, lol, it's even worse than I imagined;The project, to be built in the fringe suburb of Tarneit, will cover a 62.5ha site and encompass new apartment blocks, housing subdivision lots, a hotel, commercial office space, an indoor sports arena, training and medical facilities, shops, bars and parkland.
And a big commercial builder involved, well it's already doomed, I can see them going bankrupt halfway through!Plans for the development have already been approved by the Victorian state government and were instrumental in Western United being granted an A-League licence in 2018.
Seems they got them lined up there, wealthy families, sports stars, a city council and a private development company, I give it a year before it all goes pear shaped, and I wouldn't be surprised if it didn't take that long! Processional sports stars are, after all, notoriously savvy and knowledgeable about investing their money, oh hang on no, it's the opposite of that isn't it, the number of sports stars who are successful in business is not actually that large! And councils, well I have seen how many of them do business, wonder who got the big payoff there!Funding for the rest of the project is coming from a public-private partnership deal with Wyndham Council and Melbourne developer YourLand Developments, which will build the project, and private investors, including athletes such as Collingwood star Scott Pendlebury, tennis player Thanasi Kokkinakis and Australian Olympic basketballers Dante Exum and Chris Goulding, along with wealthy Melbourne families.
https://www.news.com.au/finance/real-es ... 1027e98189