Breaking News - New Stadium and Training Facilities

[Jupiter]

Video of some diggers at the new stadium/training ground.

https://twitter.com/AberdeenFC/statu...60044617474050

[Pacman1903]

Video of some diggers at the new stadium/training ground.

https://twitter.com/AberdeenFC/statu...60044617474050

The first comment

[Mason89]

The first comment

It’s a peach

Think Milne is probably having a tug over this one

‘Are you planning electric car charge points at the site? I’d happily charge my car at a premium to boost the club’s revenue. Just an idea’

[Jupiter]

Where did all that rubble come from?

[Aldo1983]

As a hybrid owner, I'd appreciate charge points as well so let's not mock him.

Although I'd never use the premium ones. Sucker.

[Red Zone]

Where did all that rubble come from?

The site was originally a landfill site and believe it or not but the old Beach End stand is buried there

[Jupiter]

The site was originally a landfill site and believe it or not but the old Beach End stand is buried there

That's a weird coincidence

[ObanRed]

That's a weird coincidence

Well Well Well

[ragnarok]

The £15m figure comes from an independent valuation carried out by F G Burnett in June 2017 that valued the Pittodrie site at £15.25M. In many ways that is pretty irrelevant as if the new stadium ever proceeds AFC will invite sealed bids for the site and so Cala, Barretts, Milne etc will bid (a) a big enough price to win the competition to buy the site and (b) a small enough price to be able to make sufficient profits when they build and sell their houses on the site. Will that be more or less than £15M? The reality is that nobody knows as it will depend on the housing market at the time and outlook for the housing market.

I assume that the £15.25M valuation must have been based on a highest and best use as a residential development site. A 21k seater football stadium in Aberdeen has a market of 1 and therefore isn't a marketable property.

[Jussi]

Video of some diggers at the new stadium/training ground.

https://twitter.com/AberdeenFC/statu...60044617474050

Jeepers , looks like the minimum budget amount of plant at the site . At Alan park there were at least 4 times that amount of equipment working on site & Alan park was only exactly One football pitch in area !