Training Ground?

[DeeZone 10,056]

On 22/11/2024 at 10:52, Wells 11 said:

The sad truth is that if there’s something in it for the pies it’s more likely to go ahead isn’t it. 

Those were my thoughts as well Wells 11, Pies must think Caulfield is a done deal to start talking about our AAMI turf. The more that believe it and talk about it lends greater weight to the expectation and lowers the resistance to the project going through. 🤞🤞🤞

[Diamond_Jim 12,624]

22 minutes ago, Fritta and Turner said:

According to the MFC Financial Statements the club currently has $9.6 mill in financial assets allocated to the Training and Admin Facility (TAF).  The club is confident that this can be raised to $15 mill.

The capital in the Future Fund will not be used for this purpose but some of the income generated by the FF maybe, until the $15 mill target is reached.

The cost of the feasibility study of $300,000 was totally funded by the state government.

 

Does that exclude leasehold improvements at Casey and AAMI Park

[Fritta and Turner 4,522]

1 hour ago, Diamond_Jim said:

Does that exclude leasehold improvements at Casey and AAMI Park

Yes.  My comments were only in the context of TAF which is Caulfield.

[Hawk the Demon 1,028]

8 hours ago, Diamond_Jim said:

Does that exclude leasehold improvements at Casey and AAMI Park

The Club has put $13 million into Casey since 2020. Just $9.6 million in cash/financial assets is currently set aside for the new home base.

Caulfield has moved from Feasibility to Business Case stage - The Business Case will be undertaken throughout 2025, and if successful will be followed by funding allocations, detailed design and project delivery.

Anyone's guess at the total cost - $80-120 million?

[Supreme_Demon 3,897]

2 minutes ago, Hawk the Demon said:

The Club has put $13 million into Casey since 2020. Just $9.6 million in cash/financial assets is currently set aside for the new home base.

Caulfield has moved from Feasibility to Business Case stage - The Business Case will be undertaken throughout 2025, and if successful will be followed by funding allocations, detailed design and project delivery.

Anyone's guess at the total cost - $80-120 million?

About $100 million to $120 million.

Hopefully, Chris Barlow and a few other wealthy Demons supporters can contribute.

Sadly, I haven't won the lottery yet. But I'll keep buying lottery tickets just in case!

[BLWNBA 1,123]

On 24/11/2024 at 22:14, Hawk the Demon said:

The Club has put $13 million into Casey since 2020. Just $9.6 million in cash/financial assets is currently set aside for the new home base.

Caulfield has moved from Feasibility to Business Case stage - The Business Case will be undertaken throughout 2025, and if successful will be followed by funding allocations, detailed design and project delivery.

Anyone's guess at the total cost - $80-120 million?

It's far, far closer to the $120m mark, with estimates ranging between $120m - $125m (at least under the current iteration and desired proposal). 

[manny100 1,594]

There may have to be a fundraiser at some stage?

[manny100 1,594]

Could start with a voluntary add on contribution when memberships renewed etc?

[george_on_the_outer 7,691]

21 minutes ago, manny100 said:

There may have to be a fundraiser at some stage?

Should have happened post 2021.

[58er 6,538]

5 hours ago, BLWNBA said:

It's far, far closer to the $120m mark, with estimates ranging between $120m - $125m (at least under the current iteration and desired proposal). 

Are you guessing these estimates or have you any plans or info to confirm your assertion? 

[58er 6,538]

1 hour ago, george_on_the_outer said:

Should have happened post 2021.

People don’t  give to a fund with no real proof of and substance. So while it may have been a time for a start asking again when further details are revealed would be hard pressed to get the same people donate again. 

Let’s get behind this project once the official announcement is confirmed. One real go to get a target is the way to go. 
 

[Demon Disciple 12,257]

27 minutes ago, 58er said:

People don’t  give to a fund with no real proof of and substance.
 

After finally winning the flag in 2021, supporters were overwhelmed. Reckon many would’ve just about re-mortgaged their houses to the cause, such was the delirium.

[Sir Why You Little 37,118]

1 hour ago, 58er said:

Are you guessing these estimates or have you any plans or info to confirm your assertion? 

By the time it’s built it will be $130+Mill

We are still years away 

[Its Time for Another 4,281]

From memory the plan is for the Club to reach $15mill in funds and then raise a further $10mill through fund raising. Then the rest from everyone else, State & Fed Govt's, AFL maybe the Racing Club. If they did an Eddie they could sell naming rights and raise the required money that way. That's what he did at Olympic Park to fund it when we didn't have the funds to fund it. If only. 

[rolling fog 1,208]

Did anyone happen to catch the site walkthrough of Hawthorn’s Dingley facility on the news tonight? Goodness me I had no idea the works were so far progressed - impressive stuff. 

[Demonsone 2,043]

28 minutes ago, rolling fog said:

Did anyone happen to catch the site walkthrough of Hawthorn’s Dingley facility on the news tonight? Goodness me I had no idea the works were so far progressed - impressive stuff. 

Yet we are still in business case mode 

[Katrina Dee Fan 3,872]

On 22/11/2024 at 10:44, biggestred said:

probably suggest melbourne storm and melbourne victory might have issues with that.

That would be delicious

[BangBnagBang 700]

16 hours ago, george_on_the_outer said:

Should have happened post 2021.

We would have had an extra 1mil to use if it wasn't for stupid court cases hey george

[Katrina Dee Fan 3,872]

14 hours ago, Its Time for Another said:

From memory the plan is for the Club to reach $15mill in funds and then raise a further $10mill through fund raising. Then the rest from everyone else, State & Fed Govt's, AFL maybe the Racing Club. If they did an Eddie they could sell naming rights and raise the required money that way. That's what he did at Olympic Park to fund it when we didn't have the funds to fund it. If only. 

I am the very proud niece of the then head of Olympic Park trust, Alan Oxley, who famously told Eddie that he wasn't allowed to name Olympic Park the Bob Rose Oval.  Boy did Eddie chuck the biggest wobbly over that!  Well done, Uncle Alan!!!

[DeeSpencer 26,041]

On 15/01/2024 at 15:24, DeeSpencer said:

Jewish members (many self described as Zionists hence Zion the fat Pelican’s for NBA fans) have merged the Cranbourne golf club with Huntingdale and will eventually sell Cranbourne and have a 100 million dollar war chest to put in to community sport.

https://www.australianjewishnews.com/clubs-multi-million-dollar-plan/amp/

The rumour I’ve heard is they are eyeing off Caulfield as an area for community sport and to host a Maccabi games.

A partnership with council management could be successful but 100 million and strong sway in the community could have them eyeing it off all for their own use.

Cranbourne golf club sold for 190M to Fraser Brown of all people. Money put in to a fund for Jewish community interests.

Mt Scopus have bought the old training stables land along Kambrook Road according to the Age.

We’re going to have to share or fight for these ovals.

[Satan 2,879]

There goes the Wedge

[DeeSpencer 26,041]

14 minutes ago, Satan said:

There goes the Wedge

Do you mean wedge as in the narrow piece of Government trust last - because that isn’t being sold.
 

Or do you mean wedge as in leverage to development the ovals? Because I do imagine there’s going to be fierce competition to use them as exclusively as an afl club would like to. 

[Demonland 73,037]

 

[Satan 2,879]

4 minutes ago, DeeSpencer said:

Do you mean wedge as in the narrow piece of Government trust last - because that isn’t being sold.
 

Or do you mean wedge as in leverage to development the ovals? Because I do imagine there’s going to be fierce competition to use them as exclusively as an afl club would like to. 

Dog park , based on the age map , being sold

[Demonland 73,037]

The Melbourne Racing Club has agreed to sell a $195 million parcel of land at Caulfield Racecourse to Mount Scopus Memorial College for the Jewish private school to build a new campus.

The MRC’s decision to sell the 7.5-hectare site will clear the racing club of its $165 million debt, and could have implications for the Melbourne Football Club’s proposal to build a $100 million training and administration base at the racecourse.

The tract of land being sold to Mount Scopus runs the length of the western precinct of the racecourse – from Station Street along Kambrook and Booran roads to Glen Eira College.

The land was previously used for stables and training facilities, but has remained largely unused since horse training stopped at Caulfield in 2021.

MRC chairman John Kanga said the club had been negotiating with the college, which intended to build a new campus on the site, for more than 12 months and had engaged consultant Ernst & Young as part of a review process.

He said the deal, expected to be settled within two years, had bipartisan support.

“It will benefit not only the school and its students, but also have a positive impact on local residents and the broader community,” he said.

The 75-year-old Mount Scopus Memorial College operates three campuses – in Burwood, Caulfield South and St Kilda – but has been searching for a new super-site closer to the city’s Jewish heartland.

In June, The Age reported the school was looking to strike a land-swap deal with the state government to relocate its three campuses to the Caulfield Hospital site.

The school transports about 1000 students from the Caulfield area to Burwood each day, costing parents thousands of dollars each year.

A source familiar with the land deal, but not authorised to speak about the school’s plans, said the racecourse deal would eliminate the college’s need for the hospital site.

Kanga said the MRC’s ability to clear its debt was not only a win for the club but also the racing industry, which was suffering from a significant downturn in wagering turnover.

“As everyone is aware, I have only been club chairman since October and have been highly critical of the $165 million debt incurred by the former committee and executive team,” Kanga said.

“This sale will completely clear that debt, reducing risk and stabilising the club’s financial position.”

Kanga said the new MRC committee would reverse the policies of the previous committee by continuing to race at Sandown, shelving a costly, and what he considers “unnecessary”, plan to build a new Caulfield grandstand, and moving the Caulfield mounting yard back to what he sees as its “rightful position” in front of the grandstand.

Two sources with knowledge of the Mount Scopus agreement, who were not authorised to speak publicly, said the school campus project would complicate Melbourne Football Club’s plan to build their long-awaited home base at Caulfield.

The AFL club would require state government and Caulfield Racecourse Reserve Trust approval to proceed, because the training ovals would be built on Crown land inside the track.

This masthead reported in October that the Demons would need to raise $70 million from governments, the Melbourne Cricket Club and private investors to bridge a funding gap for the project, which would end a 20-year search for a central, purpose-built headquarters.

The Demons would also use cash reserves from profits and launch a fundraising campaign, although they would not draw on their future fund.

Melbourne Football Club’s contested election will be decided on December 17, when the club hopes former MCC chairman Steven Smith will be elected to the board and take over as president at the end of next year.

CEO Gary Pert, who will finish in that role at Christmas, is continuing as a consultant on the Caulfield Racecourse project while the business case is being prepared.

Mount Scopus Memorial College’s 2023 financial report revealed it had $51 million in property, plant and equipment.

The MRC’s plans to wipe its debt comes as the Victoria Racing Club, which runs Flemington, reels from losing $70 million across the past four years.

The club that hosts the Melbourne Cup last week axed up to 40 jobs as it moves to rein in years of spiralling debt. It borrowed heavily to open a $128 million grandstand in October 2018.

Moonee Valley is pushing on with plans to reshape its track and build a new grandstand after next year’s Cox Plate, which would form part of a total project cost between $200 million and $250 million.

The Valley posted a $12.4 million loss in the past financial year, but poured money into construction of its Moonee Valley Park project – an investment that was expected to reap greater dividends when completed properties were sold in following years.