Official Shark Park & Woolooware Bay Development

[Western Sharkie]

So whats in the fine print? What are we giving up exactly to recieve this suposed cash?

From what I can see we have Sold our ongoing long term recurring income from the Town centre which I'm assuming is the retail part of the development???

 

[Matty C of the Shire]

From what I can see we have Sold our ongoing long term recurring income from the Town centre which I'm assuming is the retail part of the development???

So short term gain for long term lost ?
Silly silly move

 

[sharkstragic]

So short term gain for long term lost ?
Silly silly move

We might not be around to reap the long term gain , this gives us a chance to reinvest, also it says there is an ongoing 1.5mill revenue stream

 

[Western Sharkie]

So short term gain for long term lost ?
Silly silly move

Just my interpretation from the little info known.
I might be wrong, but that's what I read from that article.

 

[egg]

We might not be around to reap the long term gain , this gives us a chance to reinvest, also it says there is an ongoing 1.5mill revenue stream

Plus New Leagues Club revenue .
That would cover game day costs , ground upkeep, junior development and hopefully extra in the bank
Between a rock and a hard place .
But hopefully sustainable , least Kent can get rooted .
No re-location for the foreseeable future .

 

[Nulla Boy]

As long as they are smart and invest it wisely we'll be sweet

 

[BlackWhiteBlue]

As long as they are smart and invest it wisely we'll be sweet

Hahahaha you know thst wont happen

 

[dylan the villian]

As long as they are smart and invest it wisely we'll be sweet

oh dear god....

 

[HaroldBishop]

I'm not convinced the $12m being held for Leagues Club development is going to be a decent return on investment.

 

[CrazyMatt]

Please don’t **** this up.

 

[slide rule]

I'm not convinced the $12m being held for Leagues Club development is going to be a decent return on investment.

Agree. Would be better spent on another investment

 

[HaroldBishop]

Agree. Would be better spent on another investment

Does it even make a profit? On the odd occassion I'm there outside of game day it's dead.

Obviously there are more people living close by now but I just don't think clubs cut it now for people under ~50.

 

[Matty C of the Shire]

Outside of the $40 million, the Sharks are poised to receive a further $16 million from the State and Federal governments for ground improvements and a high performance facility at the venue they own.
“We will be as strong and secure as any of our rivals in Sydney,” Mezzatesta said.

This is more money coming in, which I thought the high performance facility was self raised and money from members , now some from govt ?

 

[HaroldBishop]

Outside of the $40 million, the Sharks are poised to receive a further $16 million from the State and Federal governments for ground improvements and a high performance facility at the venue they own.
“We will be as strong and secure as any of our rivals in Sydney,” Mezzatesta said.

This is more money coming in, which I thought the high performance facility was self raised and money from members , now some from govt ?

I'm shocked the state government is throwing money in. I'm sure they said recently they'd stop funding suburban grounds.

 

[sharkstragic]

I'm shocked the state government is throwing money in. I'm sure they said recently they'd stop funding suburban grounds.

when labor wins then you can kiss that goodbye

 

[egg]

Outside of the $40 million, the Sharks are poised to receive a further $16 million from the State and Federal governments for ground improvements and a high performance facility at the venue they own.
“We will be as strong and secure as any of our rivals in Sydney,” Mezzatesta said.

This is more money coming in, which I thought the high performance facility was self raised and money from members , now some from govt ?

Scomo's parting gift ?

 

[HaroldBishop]

when labor wins then you can kiss that goodbye

Wouldn't be blaming the ALP.

 

[sharkstragic]

Wouldn't be blaming the ALP.

I’m not it’s just normally when govt changes these promises are rarely upheld. Given that the shire is a predominantly liberal area then I’m expecting labor to divert funds elsewehere. That’s just the nature of the beast

 

[HaroldBishop]

I’m not it’s just normally when govt changes these promises are rarely upheld. Given that the shire is a predominantly liberal area then I’m expecting labor to divert funds elsewehere. That’s just the nature of the beast

Not really. If you have the Libs spending what, $2b on stadium, you can't possibly justify spending more taxpayers money on the same.

 

[sharkstragic]

Not really. If you have the Libs spending what, $2b on stadium, you can't possibly justify spending more taxpayers money on the same.

Isn’t that my point?