I read with interest that the Merseytram scheme is back on the agenda.
I was more than disappointed when the icliverpool site stated that Line 1's business case had improved to 2:1 because of the Kirkby Stadium development. As a former consultant to the project when I was UK-based, I think it's unwise to use a development that still may be called in, and has so much oposition to it.
I'm not provoking a pro- or anti-Kirkby debate ? merely pointing out to the good tax payers of Liverpool that this is your money. The original Merseytram scheme had a positive cost-benefit ratio. It was screwed by Government. To use a potential stadium development as a case for justifying ridership / revenue merely weakens, rather than strengthens the case, in my opinion.
Matt Traynor, Posted 19/02/2008 at 01:47:01
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1 Posted 19/02/2008 at 11:30:57
More prevalent issues I do believe.
2 Posted 19/02/2008 at 12:31:37
If Everton were not considering moving to Kirkby I do not believe that the Evertonian Chairman of Merseytravel would even be considering it. He obviously beleives he is acting in the best interests of the club.
3 Posted 19/02/2008 at 14:36:17
Given that the Government have wasted £55bn of OUR money propping up one failed business, whatever they are going to spent on Merseyrail will be small beer.
Also, if it provides a proper transport infrastructure for fans to get to a from the match in a speedy fashion, it has my vote.
4 Posted 19/02/2008 at 16:21:46
5 Posted 19/02/2008 at 18:36:38
Will ?aka us? all get a share of the tidy profit when Northern Rock ( ?aka lots of us?) pay the loan back?
In fact, the Government haven?t lent Northern Rock anything. They (aka us) have bought all the shares of aks lots of us for practically nowt and Nationalised the bugger!
6 Posted 19/02/2008 at 18:56:49
7 Posted 20/02/2008 at 10:52:10
The Government, via the Bank of England HAVE loaned Northern Rock lots of money at a punitive interest rate to allow improve its cash flow to help it continue. The rate had to be punitive to prevent the Governemnt illegally providing state aid to a bank and disadvantaging other, better run, businesses.
Northern Rock is now in the process of making its new mortgage loans so expensive they are unattractive and thereby massively reducing its new loans, whilst simultaneously topping the best buy tables for investments (to get more cash in so they don’t have to borrow so much money from the BoE).
They haven’t nationalised the company yet. The only reason the company hasn’t gone bust (leaving all the shares worthless) is that the Government have bailed them out with loans when no-one other lender would touch them with a barge pole.
8 Posted 20/02/2008 at 21:01:15