Stadium borrowing approved

Plans for York’s new community stadium moved a stage further with City of York Council’s cabinet approving borrowing £4m towards financing the project.

“This is a huge potential for the city” – Cllr James Alexander

The full cost of providing a new stadium and leisure complex for the city is £37m. City of York Council are responsible for £8m of that – with £4m of it being borrowed.

The project includes a newly-constructed swimming pool, a cinema, restaurants and a library; and the full council must now discuss and make a final decision on whether the borrowing of the funds should be granted.

“This is a huge potential for the city. This is a massive thing we can bring forward for the public,” Leader of the council Cllr James Alexander told The Press. “This is genuinely a huge opportunity to show members of this city these are facilities for them. These are good quality, nationally recognised facilities. I think that is the right thing to do.”

The timescale of operations has planning approval set for February/March 2015, with site mobilisation in March and building commencing in April, and finally being completed and fully operational by July/August 2016.

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