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Ibrox Development Project News


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http://www.glasgowcitycouncil.co.uk/committee_minutes/public/extdocviewtop.asp?CID=2481&DATE=10/10/2008&TIME=11:00&DAY=&PAGE=1&STATE=Live&FILE=Documents/Live/Executive%20Committee/20084/1100_10_10_2008_2481_Report_Item%206.pdf&DocId=13601&Index=d%3a%5cdtsearch%5cindexes%5cLive&HitCount=8&hits=30+3f+71+b9+177+3f4+440+4b1+

 

Essentially the Glasgow City Council (GCC) will agree in principle tomorrow to sell Rangers the land the council owns within the planned redevelopment area (plans attached in link).

 

The fee for such a sale is unknown but GCC have a past history of selling land to local football clubs for nominal fees and considering the Commonwealth Games 2014 as well us urgent requirement for Govan regeneration, any agreed fee is expected to be much lower than market value.

 

Furthermore the Director of Development and Regeneration Services will be authorised to enter into an agreement to give Rangers the option to buy the land.

 

It is also likely that Strathclyde Partnership for Transport (SPT) will agree to a similar option given the likelihood of improved pubic transport for the area - ie the long awaited return of a train station for Ibrox.

 

Of course, no-one can say with any authority that these plans will come to fruition (especially with the current global economic problems) but it is heartening to note the club are progressing with the venture. Particularly interesting is the overall objective of creating a mixed use, ‘state of the art’ sports, convention and entertainment development destination, whilst assisting the regeneration of the local area.

 

Certainly, yesterday's meeting of business leaders in Edinburgh including Alex Salmond and Ken Ross (chief executive of the Elphinstone Group) would have seen many relevant parties talking about these proposals.

 

Further information may be available at today's AGM.

 

:)

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Some of the pieces I've seen today allude to very little changes to Ibrox itself, is that right?

 

That's correct. Doesn't mean that it wouldn't happen obviously given the scale of the project and the overall objective.

 

Basically people can only speculate at the moment... :cheers:

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