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Casey Up-date

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MFC are possibly waiting for answers as to how much MCC and AFL are assisting us, to know what our short-term available funding is, and then decide what they can contribute to Casey in dollar terms.

 
MFC are possibly waiting for answers as to how much MCC and AFL are assisting us, to know what our short-term available funding is, and then decide what they can contribute to Casey in dollar terms.

Melbourne don't have to contribute anything (as far as I know).

They were offered $500,000 in land but declined and wanted the cash instead. That cash is then being used to fund a pavilion upgrade, so essentially no money is changing hands between Casey and the MFC.

Initially the deal proposed was:

* MFC contributes $500,000 cash to the project

* MFC receives a $500,000 block of land

* MFC receives access to a $1.6 million facility.

MFC then sought a larger facility to be built at an extra cost of $500,000, and asked the Council to swap its gift of $500,000 land to an extra $500,000 cash contribution (up from $750,000 to $1.25 million).

This meant that the Council had to find more cash, but was prepared to do so.

The deal now proposed is:

* MFC contributes $500,000 cash to the project

* Council contributes an extra $500,000 to the project

* MFC receives access to a $2.1 million facility.

 
The deal now proposed is:

* MFC contributes $500,000 cash to the project

* Council contributes an extra $500,000 to the project

* MFC receives access to a $2.1 million facility.

I see.

Initially the deal proposed was:

* MFC contributes $500,000 cash to the project

* MFC receives a $500,000 block of land

* MFC receives access to a $1.6 million facility.

MFC then sought a larger facility to be built at an extra cost of $500,000, and asked the Council to swap its gift of $500,000 land to an extra $500,000 cash contribution (up from $750,000 to $1.25 million).

This meant that the Council had to find more cash, but was prepared to do so.

The deal now proposed is:

* MFC contributes $500,000 cash to the project

* Council contributes an extra $500,000 to the project

* MFC receives access to a $2.1 million facility.

You've done it again casey scorp.

If only the AFL could explain these type of situations as clearly & concisely as you.


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