The money comes from the potential for eyes.
Just as any form of entertainment.
A large catchment area of spending eyes!
This is the logic behind Red Rocks investment.
This is where the council comes in. What fiscal incentives did they give Red Rocks to invest? Who paid for the brown field site to be made ready? Did R/Rs get any rate cuts? They must have done their figures and it made financial sense. Did R/Rs buy Council land or lease it at an attractive rate? Did the council promise to drop the dilapidated Princess street to match the vision of Red Rocks? They certainly promised Debenhams permission to plan improvements to their store and to foot the bill for a Debenhams face lift or they threaten to leave the town.
The council invested 2 million in the Plaza on a non repayable loan.
If a sporting venture sees potential they will not look at an old lady like EP they will want new. If the council finds the land a new venture might see the Stockport catchment area as viable prospect be that sport or any entertainment/shop/health lido/hotel centre.
New brings in the punters not pumping money into an old relic. Even Sale broached the idea to turn the stadium around.
This is why they dropped all of Woodley and built new. EP does not have the capacity to widen it's footprint to accommodate peripheral income earners apart from shoehorning stuff into an old brick infrastructure. NOT GOOD.
That's where the money comes from. The council creating a package that attracts investment and the buyer doing their sums based on the population and spending power.
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