Torquay United Fans Forum

Dave wrote: ↑27 Jan 2024, 09:21 Someone help me out here. Just how much in terms of local council taxpayers money is tied up in the freehold of Plainmoor ? If I understand things correctly, Torbay council own the land, the football club owns the buildings I.E the Stands etc, and the running costs/grounds maintenance is down to the club, so it's purely the value of the land, I'd hate to even hazard a guess how much the land is truly worth, can't imagine it would make much if a difference to the councils budget.

Torbay council has switched from Tory to Lib Dem and recently back to Tory control, the council has reiterated time and time again over this period the freehold of Plainmoor is not on the market. Don't how many of you are aware of TorVista homes Ltd, this is a company set up by and 100% owned by Torbay Council for the provision of socially affordable housing, I am NOT suggesting homes will ever be built on Plainmoor, but if this point is ever reached at any point in the future, my guess would be, the Council would perhaps want to use the land for themselves.

From a point very much of me looking from the outside in, all I/we can see has happened here is an informal chat between the club and the Council, with great fanfare made in the local media about finally, a new stadium is very much in the pipeline. I agree with Southampton Gull here, smoke and mirrors, I can't see a new stadium ever being built.