The club have asked the Council to change the deal, the MFC will no longer receive a parcel of land worth 500k, the building works will be expanded. See the below from the Council agenda.
The Proposal
As indicated above, the situation at any point in time was fluid. This fluidity was primarily
caused by changing circumstances at MFC. Effectively there have been 3 different MFC
CEOs during the period, and a change of President and Board. The fluidity was caused
partly because of differing views of the individuals involved, but also because of the different
aspirations of the two Boards.
Councillors were briefed on the project two weeks ago. A copy of the presentation is
attached to this report. Since that time there has been a substantial change:
Casey's Communities
Council Meeting Page 3
Executive Services 5 August 2008
Organisational Strategy Item 1
Melbourne Football Club – Cont.
• the building project has been enlarged at the request of MFC
• MFC has proposed that the transfer of a Council asset worth $500,000, which had
previously formed part of the negotiations, be replaced by an immediate cash injection
of the same amount to fund the larger building
• the MFC period of occupation has extended from a licence term of 10 years to 10 x 10
x 10 (ie 30 years)
• the Community Program is to be delivered over the extended period (ie 30 years).
In addition, MFC has suggested that alternative security than a bank guarantee be accepted.
This would be acceptable provided the guarantee is from a sufficiently robust corporate
entity.
The proposal now is that a $2.1 million extension of the pavilion at the VFL Oval be
constructed, and that this be occupied by MFC’s Football Department until it relocates into
the MRS. This will provide substantially better accommodation and facilities for MFC than it
has experienced in recent years.
A key part of MFC’s future will be the establishment of a relationship with the Casey
community, the delivery of a comprehensive community partnership program and an
AFL/VFL alignment with the Casey Scorpions (already based at Casey Fields). MFC will also
establish Casey Fields as its pre-season training base with an 8 week summer training
period each year.
The pavilion extension is proposed to be funded as follows:
$1,250,000 Council
$ 500,000 MFC
$ 350,000 SRV VFL Program
$2,100,000