Boris Johnson Posted July 13, 2022 Share Posted July 13, 2022 (edited) 15 hours ago, 0bserver said: Royal Albert Dock is for sale at £50m - a snip compared to what we have paid. https://www.liverpoolecho.co.uk/news/royal-albert-dock-up-sale-24455817 That really puts into perspective the cost of our little "shed" This shed has got to be one of the most corrupt building projects in the history of the whole world, ever, anywhere and allowing for inflation from the beginning of time. How can "Alf" and his lackeys stand getting pictures taken there with this evidence? Edited July 14, 2022 by Boris Johnson 1 Quote Link to comment Share on other sites More sharing options...
asitis Posted July 13, 2022 Share Posted July 13, 2022 3 hours ago, 0bserver said: Royal Albert Dock is for sale at £50m - a snip compared to what we have paid. https://www.liverpoolecho.co.uk/news/royal-albert-dock-up-sale-24455817 Looks a positive bargain at the side of our bit of derelict land and a tin shed ! 1 Quote Link to comment Share on other sites More sharing options...
2112 Posted July 13, 2022 Share Posted July 13, 2022 Can you imagine what chaos would occur if IOMG decided it wanted to buy real estate such as the Albert Dock. IOMG have made a complete mess of the new Ferry Terminal, anything else pales into significance. Here we are wondering about whether there are catering facilities in the new building. Important it is but what passengers will get will probably be similar to Heysham Terminal. Vending Machines and a franchised Coast to Coast Cafe, serving the usual fayre. Quote Link to comment Share on other sites More sharing options...
0bserver Posted July 13, 2022 Share Posted July 13, 2022 43 minutes ago, offshoremanxman said: Yes but we have paid £70 million (and rising) for a shed with some vending machines in it. Its critical infrastructure. We don't want to be paying considerably less than that to acquire a huge amount of blue chip commercial tenancies pumping out millions in rent to us a year. Whats the logic in that? You're quite right! Please accept my humble apologies for raising such a common sense idea. 1 Quote Link to comment Share on other sites More sharing options...
The Voice of Reason Posted July 13, 2022 Share Posted July 13, 2022 (edited) 5 hours ago, 0bserver said: Royal Albert Dock is for sale at £50m - a snip compared to what we have paid. https://www.liverpoolecho.co.uk/news/royal-albert-dock-up-sale-24455817 Well is it a snip at £50 million or is it just the market value? It will have been professionally valued. Loads of retail and hospitality sites on there who we are constantly being told are struggling ( no reason not to believe that). May well be closures and empty units, which still need upkeep which will be reflected in the price. Once a few big names leave the site the whole dynamic changes ( think of the Strand Centre on a bigger scale). TheUK is littered with struggling retail parks and other such ventures ( the Crinkley Bottom theme park for example is just a derelict pile of rusting machinery) We haven’t paid for anything at the Royal Albert Dock so such comparisons are futile. Apples and pears etc. But yes the increase in price from that originally envisaged for the landing stage in Liverpool is very much a cause for concern. Edited July 13, 2022 by The Voice of Reason Quote Link to comment Share on other sites More sharing options...
2112 Posted July 13, 2022 Share Posted July 13, 2022 52 minutes ago, offshoremanxman said: Yes but we have paid £70 million (and rising) for a shed with some vending machines in it. Its critical infrastructure. We don't want to be paying considerably less than that to acquire a huge amount of blue chip commercial tenancies pumping out millions in rent to us a year. Whats the logic in that? What critical infrastructure? The Vending Machines? Quote Link to comment Share on other sites More sharing options...
The Voice of Reason Posted July 13, 2022 Share Posted July 13, 2022 1 minute ago, offshoremanxman said: The market value will have been determined largely by a multiple of the commercial rents the buyer will receive. It’s being sold as an investment. Unlike us who seem to have paid £70M for a hole in the ground. Well yes. But it’s a hole in the ground with potential. The value of that potential will be open to different debate and actuarial and other valuations As the Albert Dock and the new Everton Stadium at Bramley Moore Dock were once holes in the ground. Although they may have been filled with water at one time ( the clue is in the name) 1 Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted July 13, 2022 Author Share Posted July 13, 2022 5 minutes ago, offshoremanxman said: The market value will have been determined largely by a multiple of the commercial rents the buyer will receive. It’s being sold as an investment. Unlike us who seem to have paid £70M for a hole in the ground. Several holes in the ground if the later releases proclaiming previously undiscovered "voids" were to be believed. But it's not just the RAD that bears comparison. Aren't Peel building or extending another facility just across the Mersey at 12 Quays at a fraction of what we're paying? 1 Quote Link to comment Share on other sites More sharing options...
The Voice of Reason Posted July 13, 2022 Share Posted July 13, 2022 4 minutes ago, offshoremanxman said: It isn’t really. We’ve been sailing to Liverpool for 150 years. All the new site does is secure the continuation of that service. It’s not adding any value whatsoever. Is not securing the continuation of that service rather than losing it, of value in itself? Quote Link to comment Share on other sites More sharing options...
offshoremanxman Posted July 13, 2022 Share Posted July 13, 2022 2 minutes ago, The Voice of Reason said: Is not securing the continuation of that service rather than losing it, of value in itself? Not really. No. There were plenty of options. This was possibly the worst one. Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted July 13, 2022 Author Share Posted July 13, 2022 2 minutes ago, offshoremanxman said: Not really. No. There were plenty of options. This was possibly the worst one. At the original 2nd costing of £3M (before that, the 1st was at no cost at all to the taxpayer) it was probably a reasonable proposal. With the escalation to "where we are" we are well and truly sunk into it now. And with the no-freight stipulation we're going to need the revenue from every one of those 500k passengers per year to justify it, if not pay for it too. The running costs are still rarely discussed and recent comment suggested that it could see as few as 4 sailings per week over the winter months. 1 Quote Link to comment Share on other sites More sharing options...
0bserver Posted July 13, 2022 Share Posted July 13, 2022 Quote Link to comment Share on other sites More sharing options...
asitis Posted July 14, 2022 Share Posted July 14, 2022 (edited) Have our MHK's seen a full cost breakdown of where the money has gone before they voted to continue this farce ? I did ask one but didn't get an answer. If you're reading this Stu let us know, unless the answer is commercially confidential. I asked an MLC and they replied "We've been sold a pup". Edited July 14, 2022 by asitis Quote Link to comment Share on other sites More sharing options...
Passing Time Posted July 14, 2022 Share Posted July 14, 2022 1 hour ago, asitis said: Have our MHK's seen a full cost breakdown of where the money has gone before they voted to continue this farce ? I did ask one but didn't get an answer. If you're reading this Stu let us know, unless the answer is commercially confidential. I asked an MLC and they replied "We've been sold a pup". I think you already know the answer to this one mate 1 Quote Link to comment Share on other sites More sharing options...
0bserver Posted July 14, 2022 Share Posted July 14, 2022 3 hours ago, asitis said: Have our MHK's seen a full cost breakdown of where the money has gone before they voted to continue this farce ? I did ask one but didn't get an answer. If you're reading this Stu let us know, unless the answer is commercially confidential. I asked an MLC and they replied "We've been sold a pup". This just in from Gef the Ferret https://gef.im/2022/07/14/its-an-actual-money-pit/ 1 Quote Link to comment Share on other sites More sharing options...
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