Quotes Of The Year, Part One Executive Transactions Names In The News Mayne-Nicholls: England Bid Was Best Tour Of Ireland Could Return In 2016 LTA Prize Funding Cut Sparks Fury Qatar Eyeing EPL Tottenham Hotspur Levski Sofia: Salaries 75% Of '15 Budget Subway Ramps Up Liverpool Sponsorship Wanda Emerges In Infront Media Auction
SBD Global/October 3, 2012/FacilitiesPrint All
German 2nd Bundeliga club 1860 Munich "wants to leave the Allianz Arena, which it shares with Bundesliga club Bayern Munich, and build its own stadium," according the DAPD. Club President Dieter Schneider said, "I would be a bad president, if I would not concern myself with finding a home for the club. We dropped off a letter at city hall, which states that we are interested in a property in Riem [a Munich borough]. Now we are waiting for a reaction." In addition, 1860 Munich "would need the permission of city rival Bayern Munich to break its rental lease for the Allianz Arena," which runs until '25. 1860 plans to build an arena with a capacity up to 40,000 (DAPD, 2/10).
Plans for an exclusive golf course and luxury hotel "have been given the final go-ahead" by the Valley District Council, according to THISISSURREYTODAY.co.uk. In May, councilors "granted permission for Longshot's proposal to build a 40- to 48-bedroom hotel and members-only golf course at the Cherkley Court estate near Leatherhead." The council "issued a decision notice paving the way for work to start." The permission is "dependent on almost 60 conditions, including a requirement for Longshot to provide a £240,000 ($388,000) bond" to reinstate the golf course to meadowland should the development fail within five years. The proposals were fiercely opposed by some local residents and conservation groups, and the Campaign to Protect Rural England's (CPRE) Surrey branch "has vowed to keep fighting." CPRE Dir Andy Smith said, "We believe the council's decision-making process was flawed and the decision is seriously compromised -- we will be seeking to prove this and to push the council back to the drawing board" (THISISSURREYTODAY.co.uk, 9/27).
OTHER GREENS: GOLF COURSE ARCHITECTURE reported the planned golf and housing development on the Ury Estate at Stonehaven in Aberdeenshire, Scotland, "may be back on the table." Farmer John Forbes bought the estate earlier this year for a sum believed to be in the region of £5M ($8.1M), after the former owner, FM Developments, which had planned to build the golf estate, "went into liquidation." Forbes was a shareholder of FM, and said he planned to farm the land for the moment. Jack Nicklaus' firm had been down to "design the golf course." New planning applications for the site have been filed with Aberdeenshire (GOLFCOURSEARCHITECTURE.net, 9/26). GOLF COURSE ARCHITECTURE also reported plans have been announced for a new "upmarket golf resort close to the Royal Liverpool Golf Club in north-west England." Wirral Council, which owns much of the land to the east of the Royal Liverpool course -- which will once again host the Open Championship in '14 -- "is looking for a commercial partner to develop the resort on a 333-acre site behind the Hoylake municipal course" (GOLFCOURSEARCHITECTURE.net, 9/26).
Greece has unblocked a subsidy of €30M ($38.8M) so it can "build a motor racing circuit capable of hosting" a F1 Grand Prix, according to Andrew Trotman of the London TELEGRAPH. Even though data shows Greece is heading for its sixth year of recession, the government is "pushing ahead with constructing" the track in Xalandritsa, near Patras. A draft budget for '13 shows that the Greek finance ministry forecasts GDP to contract by 3.8% next year after shrinking 6.5% this year (TELEGRAPH, 10/2). In N.Y., Paul Tugwell reported the track will have a total cost of €94.6M ($122.3M) and "will be designed to host other events as well," including world championship motorbike racing and go-kart racing. Private investment company Racetrack Patras SA "will oversee the project" (BLOOMBERG, 10/1). In Paris, Guillaume Errard wrote Greece "does not seem to have learned any lessons from the 2004 Olympic Games." Although the organization of the event created a €9B ($11.6B) hole for the country, the Greece government "is counting on F1 to help relaunch its employment market." When asked "Why spend such a large sum for a F1 Grand Prix when we know what happened with the 2004 Games," Greece Development Minister Costis Hatzidakis responded that the investment "would stimulate the economy of the country by creating 5,000 permanent jobs and 3,000 temporary." The project seems well on its way, "but nothing has been won" since the FIA still needs to approve the project (LE FIGARO, 10/2).