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Planning Updates- All The Latest Details. 28/03/2022

Forums New posts
A HUGE £30million Government loan will kickstart plans to build a new Southend United stadium and training ground, alongside hundreds of homes, it has been revealed.

The Fossetts Farm plan, which will feature a state-of-the-art stadium, a 107-bedroom hotel, and more than a thousand homes, could finally get off the ground, thanks to the “crucial” funding boost.

Homes England will loan Roots Hall Limited, the firm behind the development, alongside Thames Plaza, the £30million sum by November 30.

Both firms name Blues Chairman Ron Martin and his son Jack, as directors.
Roots Hall Limited will then lease the new stadium and training ground to the football club itself.
Ian Gilbert, leader of Southend Council, said: “This funding is vital, and a much needed boost. It’s absolutely crucial to it going ahead.

“With Covid and the clubs fortunes, there was always a risk [about the project], but this loan negates that risk.
“It’s taken huge amount of work, and a lot of negotiations, to get to this point, but I’m really proud of the council and our officers have done a hell of a lot of DD.

“We’ve had to make sure it’s all financially viable, and a big part of that was the council taking on the management of the homes.

“We will also have a significant say in how it’s built, and that it’s all up to standard.”
Southend Council helped facilitate the deal between Homes England and Roots Hall Limited, but the final negotiations were concluded by RHL itself.

The plans will see a club shop, a restaurant and conference space all included.

Two corners of the stadium will accommodate 182 apartments. In addition, a range of other blocks up to nine storeys high will provide a total of 1,114 homes Southend Council will also be involved in providing homes on the site for affordable rent.

Council documents read: “A temporary planning application will be submitted on land to the north of the stadium for a temporary training facility to ensure there is no net loss of training facilities.

“Thames Plaza will sell Fossetts phase one to an institutional investor, most likely a pension fund or insurance company.”

The hybrid application for the phased development and relocation of the club, which is currently housed at roots hall, includes demolishing the old club and replacing it with nine blocks from two to eight storeys high to provide 502 homes.

Plans, which were submitted to the council four years ago, are set to be approved at a meeting tonight.

www.echo-news.co.uk

Revealed: Huge £30m loan to kickstart new Southend United stadium plan

A HUGE £30million Government loan will kickstart plans to build a new Southend United stadium and training ground, alongside hundreds of homes, it…
www.echo-news.co.uk www.echo-news.co.uk
 
Cricko said:
Roots Hall Limited will then lease the new stadium and training ground to the football club itself.
Click to expand...

How long will the lease be for? What will the rent / service charge etc be?

Hopefully, as part of the planning, Southend council will ensure the club has a long term viable home.
 
philtalkin said:
How long will the lease be for? What will the rent / service charge etc be?

Hopefully, as part of the planning, Southend council will ensure the club has a long term viable home.
Click to expand...
RM said it would be a 25 year lease. He never mentioned how much though.?
 
The two big factors for the green light. External funding and the council gaining vital housing for rent.

I'm really confident this will get the go ahead.

Any idea when the start and end date for building of the stadium is?
 
Cricko said:
Council documents read: “A temporary planning application will be submitted on land to the north of the stadium for a temporary training facility to ensure there is no net loss of training facilities.
Click to expand...

Why is it temporary?

Does this also mean he now has the funding to build the new Main North Stand with the hotel and conference suite to allow the club to have some decent revenue streams ?
 
This is good news @Cricko BUT why can't they, the SBC be as open and transparent as they want Ron to be? I have no doubt they want these new homes to " manage" by their private companies AND more importantly they need this project so that the slum flats like Pennine and Quantock can have residents re housed and then the SBC can get on with their next (and larger) building project of proportions to overshadow anything so far; another very high density high rise slum ghetto in the making.
 
The Big Dady said:
Why is it temporary?

Does this also mean he now has the funding to build the new Main North Stand with the hotel and conference suite to allow the club to have some decent revenue streams ?
Click to expand...
Not sure what this is about as the phasing plan says that the first thing to get cracking on with is the training ground which of course is in Rochford District Council and for which planning has been granted. Still let's not look a gift horse in the mouth although I suspect in the next few years we'll be on Ron's back saying why has this that and the other not been done.
 
It is however very good news especially Ian Gilbert's comments who is the deputy leader of the Council. Come on everyone let's get this thing done. It's getting boring and I'm getting old. I want to see the thing built
 
“Thames Plaza will sell Fossetts phase one to an institutional investor, most likely a pension fund or insurance company.”
Click to expand...

Interesting, so Phase 1 which includes the three sided stadium and the training complex will be sold by Ron and his associate companies, so he will no longer be the clubs landlord.

Ron's exit strategy?

Fossetts Farm Planning.jpg
 
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