New Portobello High School- Where and how?

by **Stephen McIntyre** » 26 Mar 2006, 22:13

Seanie, forgive me, I want to use your telephone ruse.

Council: Hello is that BL developments?

BL: Yes, how can we help?

Council: This is COEC here and we would like to offer you a land trade for the site you plan to develop in Portobello.

BL: Ok we are always open to offers, after all we are property developers,lol.

Council: Good, we want to offer you a smaller bit of land in Portobello in exchange.

BL: Oh, I see..............er how much smaller and will we get any cash in addition?

Council: well its only 1 acre smaller and we would certainly look at some cash for the balance.

BL: well that doesn't sound too unreasonable. We would have to consider that we would be buillding less units and therfore risk making less profit so the cash would likely be substantial.

Council: Oh I see, Another factor you would have to take into account is that the site currently has schools on it and we are planning to leave one there, which may take up another 3 or 4 acres.

BL: Who is this?

Council: Its the council, honest. So what are your initial thoughts?

BL: Well we have a lot to think about. We planned an 8 acre development and you are offering 3 or 4. You would have to pay us for the land and for the projected profit we were going to make. However, on the other hand a 3 or 4 acre development would be completed quicker, which is always handy for cashflow. We are due to start construction on the existing site in the next 12 months. When will this alternative site become available?

Council: well naturally we would have to wait til the kids had new schools to go to. It wouldn't be right for you to be building houses on the playground, lol, lol, lol. So, if we started planning tomorrow you could theoretically have access in 3 or 4 years time.

BL: em That could be a problem for us as the bank have financed the land purchase and have a programmed return.

Council: Oh I see, em, when I said that theoretically you could have access in 3 or 4 years time. We actually don't have the money to build new schools and lol to be quite frank there is no possibility in the next 10 years. The last time we tried it took us 14 years lol.

BL: Where do we sign?

by **Bob Jefferson** » 26 Mar 2006, 23:07

by **Dave Connelly** » 27 Mar 2006, 01:08

by **Dave Connelly** » 27 Mar 2006, 01:13

by **Stephen McIntyre** » 27 Mar 2006, 09:03

by **Stephen McIntyre** » 27 Mar 2006, 09:08

by **PortyMan** » 27 Mar 2006, 12:08

by **Maria** » 27 Mar 2006, 12:44

by **Dadaist** » 27 Mar 2006, 12:49

by **Maria** » 27 Mar 2006, 13:00

by **Dadaist** » 27 Mar 2006, 13:19

by **Stephen McIntyre** » 27 Mar 2006, 14:05

by **Dadaist** » 27 Mar 2006, 14:13

by **Stephen McIntyre** » 27 Mar 2006, 14:20

by **Dadaist** » 27 Mar 2006, 14:25

by **Stephen McIntyre** » 27 Mar 2006, 14:38

by **Dadaist** » 27 Mar 2006, 14:44

by **Epykat** » 27 Mar 2006, 14:52

by **Stephen McIntyre** » 27 Mar 2006, 15:08

by **Epykat** » 27 Mar 2006, 15:11

by **Dadaist** » 27 Mar 2006, 15:17

by **Dadaist** » 27 Mar 2006, 15:19

by **Stephen McIntyre** » 27 Mar 2006, 15:33

by **Dadaist** » 27 Mar 2006, 15:52

by **Stephen McIntyre** » 27 Mar 2006, 16:08

by **Dadaist** » 27 Mar 2006, 16:13

by **Stephen McIntyre** » 27 Mar 2006, 16:17

by **Dadaist** » 27 Mar 2006, 16:21

by **Stephen McIntyre** » 27 Mar 2006, 17:09

by **Dadaist** » 27 Mar 2006, 18:37

by **Lawrence Marshall** » 27 Mar 2006, 18:59

by **PortyMan** » 27 Mar 2006, 19:09

by **Stephen McIntyre** » 27 Mar 2006, 23:48

New Portobello High School- Where and how?

Who would pay?

Re: Who would pay?

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