The City of Manchester stadium cost £115 million to construct for the Commonwealth Games in Manchester in 2002. We pay the City council £5.5 million in rent each year, 20 years in the stadium means that the council will have had £110 million from City.
The South stand extension cost £50 million in 2015 and the North stand extension plus hotel will cost £300 million. City have paid more than their fair share than what the initial outlay for the stadium was. What was Herbert expecting to happen with the City Of Manchester stadium? It gets built and used for athletics maybe once or twice a year and that’s it? That’s how venues like the Don Valley stadium now don’t exist.
All true (and conveniently ignored by media herberts such as this tosser; 'Herbert' by name, 'herbert' by nature..). To expand on your post:
(a) No guaranteed football involvement, no stadium built (initially, it was offered to the Red Filth across town but they declined, 'preferring to develop Old Toilet'.. that turned out well, didn't it?)
(b) No agreement with City from the start, no stadium built and no successful Commonwealth Games in Manchester 2002.
(c) No successful Commonwealth Games in Manchester 2002, no Olympics in London 2012. Definite.
(d) City pay rent a-plenty to the local council as you say and also developed the ground by completing the full North stand and digging out the athletics track to reveal the lower layer and the full stadium (I understand this cost met by City taking out the bond of £25M approx. onto the club's financial books).
(e) Manchester Council took over and sold Maine Road to developers, earning north of £20M in the process towards council funds, so I understand?
(f) Incredible additional development of the area around the ground, transforming the wasteland that was East Manchester, again at a significant cost to the club, in excess of £220M as I understand it.
(g) South stand development also completed, with the North stand extension underway too. All costs once again being met by the club.
So..
A 'free stadium' like with the West Ham situation, when an incompetent, desperate set of government buffoons threw everything, every possible incentive at a football club to take a 'White Elephant' off its hands?
Do me a favour, Herbert.. just get to f**k with your partial, snide articles.