| The land we are buying 16:17 - Oct 22 with 2497 views | textbackup |
Would a bit of quick maths say that’s 25m (ish) back from the end of the cobbold we are getting? (If the total length of the cobbold, plus north/churchmans depth) of 150m (ish) ? |  |
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| The land we are buying on 16:30 - Oct 22 with 2400 views | norfsufblue |
Wonder if the freehold of the existing stadium footprint is also possibly being considered for purchase, seems strange to basically own a strip of Portman Rd only and rent the rest? |  | | |
| The land we are buying on 16:32 - Oct 22 with 2376 views | portmanking |
| The land we are buying on 16:30 - Oct 22 by norfsufblue |
Wonder if the freehold of the existing stadium footprint is also possibly being considered for purchase, seems strange to basically own a strip of Portman Rd only and rent the rest? |
I'm not sure if I'd be overly happy with that. I like the current arrangement. It essentially means the land can only be used for ITFC. Selling the freehold would open up a world of worrying possibilities down the line. Although I can see why the Americans would want to get their hands on it from a value perspective. |  | | |
| The land we are buying on 16:32 - Oct 22 with 2375 views | _clive_baker_ |
Sounds about right, although I reckon the length is slightly less. Maybe 130 - 140m including the depth of both end stands.
Nonetheless I don't suppose you're far off, which presumably means the land to purchase is Portman Road from the Beattie statue up to the Princes St junction & pavements and a further c. 15m back into the car park? |  | | |
| The land we are buying on 16:34 - Oct 22 with 2348 views | Nthsuffolkblue |
| The land we are buying on 16:32 - Oct 22 by portmanking |
I'm not sure if I'd be overly happy with that. I like the current arrangement. It essentially means the land can only be used for ITFC. Selling the freehold would open up a world of worrying possibilities down the line. Although I can see why the Americans would want to get their hands on it from a value perspective. |
I can't see it being considered really. The council would only sell it at full value and that would depend on restrictions. The owners would therefore either pay full value or be stuck with restrictions. I can't see either being anything like as advantageous as the current arrangement. |  |
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| The land we are buying on 16:37 - Oct 22 with 2322 views | Marshalls_Mullet |
| The land we are buying on 16:30 - Oct 22 by norfsufblue |
Wonder if the freehold of the existing stadium footprint is also possibly being considered for purchase, seems strange to basically own a strip of Portman Rd only and rent the rest? |
I hope not.
I think IBC owning the freehold is in the interests of the supporters / club in the long term.
The rent is low, and the lease doesnt seem to be restrictive in any material way, so I hope it remains that way. |  |
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| The land we are buying on 16:40 - Oct 22 with 2289 views | Marshalls_Mullet |
| The land we are buying on 16:34 - Oct 22 by Nthsuffolkblue |
I can't see it being considered really. The council would only sell it at full value and that would depend on restrictions. The owners would therefore either pay full value or be stuck with restrictions. I can't see either being anything like as advantageous as the current arrangement. |
Full market value wouldn't be huge. c.£2-3m I would suspect.
The council own the land, not the buildings, and the value will be a multiple of the rental income. | |
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| The land we are buying on 16:42 - Oct 22 with 2269 views | JakeITFC |
The car parks are actually broken up if you ever use the MiPermit app to park there (Portman Road A, B etc.). By my reckoning it’s maybe PR car park D and maybe Princes Street Car Park which gets you maybe halfway back across that plot of land. |  | | |
| The land we are buying on 16:45 - Oct 22 with 2236 views | Hugoagogo_Reborn |
| The land we are buying on 16:30 - Oct 22 by norfsufblue |
Wonder if the freehold of the existing stadium footprint is also possibly being considered for purchase, seems strange to basically own a strip of Portman Rd only and rent the rest? |
As I understand it, there is a deed of covenant on the land, which ensures it can only be used for sports use, a protection, if you will, of local sports clubs. I'm not sure it can be sold under that deed, but I may be wrong. [Post edited 22 Oct 2024 16:46]
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| The land we are buying on 16:46 - Oct 22 with 2220 views | PhilTWTD |
| The land we are buying on 16:30 - Oct 22 by norfsufblue |
Wonder if the freehold of the existing stadium footprint is also possibly being considered for purchase, seems strange to basically own a strip of Portman Rd only and rent the rest? |
I don't think that will ever happen. As IBC say, there is an agreement regarding the land, although the precise terms are not agreed. I think it will ultimately be added to the existing lease rather than being a sale. |  | | |
| The land we are buying on 16:47 - Oct 22 with 2194 views | PhilTWTD |
| The land we are buying on 16:45 - Oct 22 by Hugoagogo_Reborn |
As I understand it, there is a deed of covenant on the land, which ensures it can only be used for sports use, a protection, if you will, of local sports clubs. I'm not sure it can be sold under that deed, but I may be wrong. [Post edited 22 Oct 2024 16:46]
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I'm sure it could be sold, but IBC are very unlikely to do it. | | | |
| The land we are buying on 16:52 - Oct 22 with 2130 views | Marshalls_Mullet |
| The land we are buying on 16:42 - Oct 22 by JakeITFC |
The car parks are actually broken up if you ever use the MiPermit app to park there (Portman Road A, B etc.). By my reckoning it’s maybe PR car park D and maybe Princes Street Car Park which gets you maybe halfway back across that plot of land. |
I don't think the current allocation as car parks A, B, C , D etc will be a consideration when it comes to the boundaries being drawn for this deal.
The plan that will be relevant is the masterplan for the new development scheme. | |
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| The land we are buying on 16:59 - Oct 22 with 2077 views | Hugoagogo_Reborn |
| The land we are buying on 16:47 - Oct 22 by PhilTWTD |
I'm sure it could be sold, but IBC are very unlikely to do it. |
Interesting. I'm sure I read stuff during my time at the club that said there was a deed in place, that ensured it could only be used for sports, not, say, sold for residential. I'd like to think that was the case, as it protects Ipswich Town (in a parallel universe, of course) from dropping down the leagues and the council selling the land and the club going out of existence.
Maybe I've got my wires crossed - it's been a while since I was there! | | | |
| The land we are buying on 17:02 - Oct 22 with 2042 views | _clive_baker_ |
| The land we are buying on 16:59 - Oct 22 by Hugoagogo_Reborn |
Interesting. I'm sure I read stuff during my time at the club that said there was a deed in place, that ensured it could only be used for sports, not, say, sold for residential. I'd like to think that was the case, as it protects Ipswich Town (in a parallel universe, of course) from dropping down the leagues and the council selling the land and the club going out of existence.
Maybe I've got my wires crossed - it's been a while since I was there! |
Even if you're memory serves you correctly that wouldn't mean it can't be sold. | | | |
| The land we are buying on 17:04 - Oct 22 with 2010 views | Keno |
| The land we are buying on 16:45 - Oct 22 by Hugoagogo_Reborn |
As I understand it, there is a deed of covenant on the land, which ensures it can only be used for sports use, a protection, if you will, of local sports clubs. I'm not sure it can be sold under that deed, but I may be wrong. [Post edited 22 Oct 2024 16:46]
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Didnt that covenant come under threat when Lamburk was manager? |  |
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| The land we are buying on 17:05 - Oct 22 with 2007 views | Marshalls_Mullet |
| The land we are buying on 16:59 - Oct 22 by Hugoagogo_Reborn |
Interesting. I'm sure I read stuff during my time at the club that said there was a deed in place, that ensured it could only be used for sports, not, say, sold for residential. I'd like to think that was the case, as it protects Ipswich Town (in a parallel universe, of course) from dropping down the leagues and the council selling the land and the club going out of existence.
Maybe I've got my wires crossed - it's been a while since I was there! |
I think that reference probably relates to the 'user clause' in the lease.
There could be a restrictive covenant in the freehold title though. | |
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| The land we are buying on 17:25 - Oct 22 with 1861 views | unstableblue |
Yup I’d say that’s pretty good calculation / estimation
So probably the same again behind the Robson statue as between it and the ground |  |
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| The land we are buying on 17:40 - Oct 22 with 1792 views | PhilTWTD |
| The land we are buying on 16:59 - Oct 22 by Hugoagogo_Reborn |
Interesting. I'm sure I read stuff during my time at the club that said there was a deed in place, that ensured it could only be used for sports, not, say, sold for residential. I'd like to think that was the case, as it protects Ipswich Town (in a parallel universe, of course) from dropping down the leagues and the council selling the land and the club going out of existence.
Maybe I've got my wires crossed - it's been a while since I was there! |
No, that's right, there is a deed exactly of that type, but as far as I'm aware, it doesn't stop IBC from selling it if it wants to, but it doesn't. | | | |
| The land we are buying on 19:18 - Oct 22 with 1534 views | EssexBloo |
How big in terms of capacity would that make the new stand!? | | | |
| The land we are buying on 19:18 - Oct 22 with 1532 views | textbackup |
| The land we are buying on 16:32 - Oct 22 by _clive_baker_ |
Sounds about right, although I reckon the length is slightly less. Maybe 130 - 140m including the depth of both end stands.
Nonetheless I don't suppose you're far off, which presumably means the land to purchase is Portman Road from the Beattie statue up to the Princes St junction & pavements and a further c. 15m back into the car park? |
Let’s meet up next he game, take a tape measure, and get an exact measurement! If we are doing this let’s be professional about it | |
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