DBC Megathread

[Steady Eddie]

40 minutes ago, Newsdesk said:

Whoever signed that deal at the DOI must be either mentally retarded or totally corrupt. 

Mr Bradley is quite a convincing man when dealing with complete idiots. You can guess which outcome it was. He sold a high risk over the top project with ‘key brands’ becoming involved in a multi million pound investment into a key regeneration asset to get a lease for almost nothing on a plot of land where he can now rake in car parking fees for doing absolutely nothing. He must have literally re-allocated £250K of revenue a year off the DOI for the cost of drawing up a one pound 99 year lease. The development (if it ever happens) will probably pay for itself in time out of car parking fees as the company that got the lease had £1 paid up capital and had shelled out for a few plans and a lease and that’s about it. If it sits there raking in car parking fees the DOI would have otherwise got for another 10 years they’re laughing all the way to the bank. 

Edited June 26, 2022 by Steady Eddie
Toned down.

[Banker]

16 hours ago, Steady Eddie said:

Mr Bradley is quite a convincing man when dealing with complete idiots. You can guess which outcome it was. He sold a high risk over the top project with ‘key brands’ becoming involved in a multi million pound investment into a key regeneration asset to get a lease for almost nothing on a plot of land where he can now rake in car parking fees for doing absolutely nothing. He must have literally re-allocated £250K of revenue a year off the DOI for the cost of drawing up a one pound 99 year lease. The development (if it ever happens) will probably pay for itself in time out of car parking fees as the company that got the lease had £1 paid up capital and had shelled out for a few plans and a lease and that’s about it. If it sits there raking in car parking fees the DOI would have otherwise got for another 10 years they’re laughing all the way to the bank. 

But he’s getting no can park income as he’s not allowed to operate as a car park so not sure what rubbish you’re going on about!!

[Steady Eddie]

7 minutes ago, Banker said:

But he’s getting no can park income as he’s not allowed to operate as a car park so not sure what rubbish you’re going on about!!

He gets paid for contract parking. 

[Banker]

4 minutes ago, Steady Eddie said:

He gets paid for contract parking. 

I don’t think there’s any contract parking there but assume you have evidence to contrary?

[Roger Mexico]

17 minutes ago, Banker said:

But he’s getting no can park income as he’s not allowed to operate as a car park so not sure what rubbish you’re going on about!!

He's allowed to operate it for contract parking - and indeed did before the space was needed to temporarily replace the one across the road.  I don't think he had that much custom (it's a bit out of the way for Athol Street and then Covid hit) and he clearly wanted it to become a proper car park park again.  I doubt it will happen as it looks too much like taking the piss and DoI/DBC don't want the competition.

Edited June 27, 2022 by Roger Mexico
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[Steady Eddie]

31 minutes ago, Roger Mexico said:

He's allowed to operate it for contract parking - and indeed did before the space was needed to temporarily replace the one across the road.  I don't think he had that much custom (it's a bit out of the way for Athol Street and then Covid hit) and he clearly wanted it to become a proper car park park again.  I doubt it will happen as it looks too much like taking the piss and DoI/DBC don't want the competition.

Thanks for this. And as for evidence of this; well there cars parked there daily who are presumably paying to use the plot. 

Edited June 27, 2022 by Steady Eddie

[Banker]

3 hours ago, Steady Eddie said:

Thanks for this. And as for evidence of this; well there cars parked there daily who are presumably paying to use the plot. 

There’s loads parking there all day & they’re not paying as many have already stated, use it regularly myself & never paid !

[Steady Eddie]

3 minutes ago, Banker said:

There’s loads parking there all day & they’re not paying as many have already stated, use it regularly myself & never paid !

But there is private sector contract parking on that plot.

[Two-lane]

https://www.energyfm.net/cms/news_story_641786.html

https://www.three.fm/news/isle-of-man-news/douglas-to-gain-and-lose-a-car-park/

https://www.iomtoday.co.im/news/the-amount-the-doi-has-paid-for-lord-street-car-park-514512

[Non-Believer]

On 6/25/2022 at 5:57 AM, Newsdesk said:

I find that very hard to believe. Very hard indeed. 

Surely Govt pay rates will be aligned to DBC'S under the PSC terms? DBC are analogous to Govt in that respect, are they not?

[Newsdesk]

1 hour ago, Non-Believer said:

Surely Govt pay rates will be aligned to DBC'S under the PSC terms? DBC are analogous to Govt in that respect, are they not?

Yes which is why I think Amadeus’ claims above are nonsense.

[Banker]

1 hour ago, Non-Believer said:

Surely Govt pay rates will be aligned to DBC'S under the PSC terms? DBC are analogous to Govt in that respect, are they not?

Also local authorities pension for staff are apparently costing c28% compared to cap of 15% in PCS not sure why but they need to up the staff contributions pronto 

[Albert Tatlock]

17 minutes ago, Banker said:

Also local authorities pension for staff are apparently costing c28% compared to cap of 15% in PCS not sure why but they need to up the staff contributions pronto 

Could be because DBC used to run the power station and Douglas Electricity Dept...equivalent of 70% of what is now the MEA.

[Banker]

12 hours ago, Albert Tatlock said:

Could be because DBC used to run the power station and Douglas Electricity Dept...equivalent of 70% of what is now the MEA.

All local authorities pensions costing this amount 

[english zloty]

4 minutes ago, Banker said:

All local authorities pensions costing this amount 

Yep local authorities pensions are among the best on the Island. And they're not rushing to reform them.