Kings Dock - Update December 2002

Sir Joe Dwyer

 

As predicted in our update dated 20th December 2002, Everton will loose it's 'preferred developer status' come 31st December.
Sir Joe Dwyer, Liverpool Vision Chairman said today:

“I have met within the last few days with representatives of Everton and their private sector partners to discuss the funding of their share of the Arena costs. I have been encouraged that they are now addressing the requirements set out by the public sector, but the proposals are subject to the outcome of a due diligence exercise by the new private sector development partners, and it will be two to three months before any package can be confirmed and funding guaranteed.

In these circumstances, it is not likely that English Partnerships will extend Everton’s preferred developer status beyond the 31st December, as the necessary guarantees are not yet in place. Everton and their partners will continue their due diligence work on the Arena and associated development opportunities. They will be in a position to confirm their proposals on completion of this exercise. In the meantime, Liverpool Vision and its public sector partners will be considering alternative means of achieving our aspiration to deliver a major arena, conferencing and exhibition facility on this site. We will of course give appropriate consideration to the result of Everton’s due diligence and hope that this work can be concluded as quickly as possible."

Blue Kipper are still behind the bid, & think that Everton will finally come up with the goods, & move to the Kings Dock. (30/12/02)

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