North Stand to become Drugs Rehab Unit?
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I heard this rumour several weeks ago but could find nothing to back it up but it turns out the rumour has substance.
https://www.dailyrecord.co.uk/news/scot ... g-24307485
So let’s consider this calmly. This could be like the Dome and nothing concrete ever materialises. As yet no sign of planning application.
From a purely financial point of view it has some attractions. The now empty North Stand is in danger of becoming a white elephant. The likelihood of a renter looking for all or most of the office space post coved is unlikely. Getting a tenant for part of the stand means presumably rental revenue. A drugs rehabilitation unit would presumably have charitable status. ( Blameless to run it?) and as a charity the space occupied would qualify for a 100% rate rebate. So the stadium company replaces some of its lost rental income and reduces the additional rates burden it has incurred while the stand lies empty. Oh and as a bonus the profits of Hope Cbd go through the roof.
Down sides - The chances of renting out the rest of the stand to commercial premises are nil. There is a possibility of losing tenants from the main stand. Would you send your child to the nursery in the main stand with a drugs rehab unit next door? And given Mcgowans track record would you really trust him to run such a unit professionally?
This has a long way to run but goes to show Ronnie and Les seem to have no control influence over their fellow owner.
https://www.dailyrecord.co.uk/news/scot ... g-24307485
So let’s consider this calmly. This could be like the Dome and nothing concrete ever materialises. As yet no sign of planning application.
From a purely financial point of view it has some attractions. The now empty North Stand is in danger of becoming a white elephant. The likelihood of a renter looking for all or most of the office space post coved is unlikely. Getting a tenant for part of the stand means presumably rental revenue. A drugs rehabilitation unit would presumably have charitable status. ( Blameless to run it?) and as a charity the space occupied would qualify for a 100% rate rebate. So the stadium company replaces some of its lost rental income and reduces the additional rates burden it has incurred while the stand lies empty. Oh and as a bonus the profits of Hope Cbd go through the roof.
Down sides - The chances of renting out the rest of the stand to commercial premises are nil. There is a possibility of losing tenants from the main stand. Would you send your child to the nursery in the main stand with a drugs rehab unit next door? And given Mcgowans track record would you really trust him to run such a unit professionally?
This has a long way to run but goes to show Ronnie and Les seem to have no control influence over their fellow owner.