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So based on an interest free loan of 300m over 40 years..We would pay 7.5m to finance loan and 4.4m to council... isn't that equivalent to something like 60% apr?That's not even accounting for interest in loan...Hmmmmm. Not 100% on numbers just off the top of my head...
Sorry, I see what you mean.Yea maybe I'm not seeing something.Still basically a really big mortgage.
At what stage can we expect artists impressions (or even an idea of what it's going to look like) until then it's hard to get excited
Yea but 60% apr seems like we are getting massively ripped off...Not that I know the going rate for borrowing millions of pounds..
60% APR would mean we were paying 60% of the cost of the loan(£180m) in interest EVERY YEAR! So no, it isn't anything close to that.
"Unstoppable momentum". Could be a decent stadium name... https://twitter.com/richaskam/status/844987561261092865
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