New school in Dundee

[islaydarkblue]

Just Googled cost of a £60k mortgage for 25 years at 4%. Cost is about £300 per month. Multiply that by 1000 to make the loan £60m. That £300k per month or £3.6m per year. Admit it is back of fag packet maths but how on earth is our education department able to find £3.6m when they can't afford to employ teachers?

Also if you apply the logic, which I am prepared to accept is wrong and therefore open to correction, how on earth can we afford Campy?
Cost £20m £100k per month, and an additional £50k per month for every £10m of increased cost.

Dundee City Council will likely borrow the money from the Public Works Loan Board.

[islaydarkblue]

Think the successful team seems to me to be the key, with sensible financial management. Used to believe that the Campy project was all about creating revenue streams that could not be created using Dens but now I don't read much positive comment about this possibility.

The revenue streams for the Campy project will be for the owners of the site after everything has been built.

[BCram]

The revenue streams for the Campy project will be for the owners of the site after everything has been built.

Think this is a concern. With St J the money made from the facility seemsto go to the club. I agree with you that the surpluses generated will benefit the investors rather than our Football Clun.

[islaydarkblue]

Think this is a concern. With St J the money made from the facility seemsto go to the club. I agree with you that the surpluses generated will benefit the investors rather than our Football Clun.

The profits from all the restaurants and lounges in McDiarmid Park are essential in keeping St Johnstone FC in the black as their home attendances are poor.

[islaydarkblue]

My original post contained the word v i t a l but for some reason it did not beat the Footymad censorship.
I do not understand why. Does anyone know.
On the DBF people can post swear words yet on here everyday words are x’d out. Very odd!

[Returnofrros]

The profits from all the restaurants and lounges in McDiarmid Park are essential in keeping St Johnstone FC in the black as their home attendances are poor.

It's easier to get audience with the pope, king and Dali Lama in your backies than find out how this retail park will help DFC.

As Scott says alls well if there's silence.