REES’S ARENA BELLYFLOP LATEST

The recent announcement by the Reverend that he was launching a review by bent accountants KPMG of his review of the Arena and standing down the current developers is the final NAIL IN THE COFFIN of an arena at Temple Meads.

However, a new site for the venture seems to have suddenly found favour: the Brabazon Hangar in Filton. A development site owned by Malaysian firm YTL Developments that’s run by Merchant Venturer Colin “TORY BOY” Skellett, Wessex Water boss and former chair of TORY business quango, the Local Enterprise Partnership.

Coincidentally, working with Tory Boy on his new development project at Filton are a couple of familiar faces – former Bristol City Council Strategic Director Place, Barra Mac “NUGGET” Ruairi and former city council property boss Robert “SPUNKFACE” Orrett.

What a remarkably small world it is.

Even more coincidentally, the Reverend stopped off in Malaysia to meet YTL bosses on the way to his pointless China junket before Christmas. So how long before we’re handing over £120million quid plus any overspend and extras of public money to this gang of INSIDERS and CHANCERS at Filton to build our arena on their site and on their terms?

The Filton site is already no stranger to controversy and strange public-private shenanigans. YTL, run by Tory Boy Skellett, purchased the former airport after an extensive marketing exercise on behalf of owners BAE paid out of PUBLIC MONEY and carried out by er, Tory Boy Skellett’s Local Enterprise Partnership.

Another remarkable example of a remarkably small world up there in Filton where conflicts of interest appear to cease to exist.

3 thoughts on “REES’S ARENA BELLYFLOP LATEST

  1. a.n.other

    I’m glad they are putting it in Filton, or at least not round ‘ere! The traffic chaos and general hassle of having the latest local government boondoggle on my doorstep is something I’d rather forego, thanks.

    A bridge to nowhere and a nice patch of wasteground’s a small price to pay to get that white elephant off our backs. My commiserations to residents of the Filton area though, it does suck to have these vampires turn up and “improve” the place!

    Reply
    1. paul

      ”a small price to pay to get that white elephant off our backs”

      But it won’t be because we’ll not only be paying for an arena in South Gloucs but we’ll also be funding the profit margin of the operators. The original operators agreement drawn up (now deleted) basically guarantees the operator a Monthly profit margin, anything below that comes directly from the Councils budget.

      If it was built at TM’s at least it would be an asset, built out of town in Filton it will cost the same to build but its tangible ‘balance sheet’ asset will be far, far less. Whats worrying is the current Councils complete lack of commercial experience probably means that haven’t realised that this is the case, thus they won’t be aware of the knock on effect which will be the cost of funding will go up, way up and the operators actual margin will be less (this won’t bother the operator because Bristol City Council taxpayers will be funding the original ‘city centre’ margin anyway).

      At least in the day of the butcher, baker and candlestick maker, the butcher understood a balance sheet, the baker knew what a financial forecast was and the candlestick maker was aware of the difference between an actual margin and one you could wish for.

      Something went past me on social media the other day about some new financial regulations, meaning Councils can’t fund projects outside of their UA’s anymore, I haven’t had time to look into it.

      Reply
  2. Sarah

    You are pleased that millions of pounds have been spent of public money? On a bridge to nowhere, cattle market road works, land works, constant consultations, even now wasting money paying new developer weekly out of the public purse while they ‘make a decision’. Filton does not need this Arena. South Bristol does, it would help to unite North and South Bristol. Additionally it makes economic sense as people would use local facilities that are plentiful in Central area (there is also lots of parking central area) This would enhance the city, which lets face it, Broadmead is not doing too well last time I looked, so many empty vacant shops, The Mall (near Filton in South Glos) is doing very well. Do you work for the council? Your logic does not make any sense at all. Unless you live in/near Filton.

    Reply

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