Issue details

AMENDMENTS TO OWNERSHIP AND CONTROL ARRANGEMENTS: KIRKLEES STADIUM DEVELOPMENT LTD

 

 

The decision achieves a council objective of disposing of its entire shareholding in KSDL and ceasing to be responsible for the operation of the John Smith Stadium (Leeds Road Huddersfield), other than as freeholder.

It will enable the Council to obtain possession and freehold ownership of the Gasworks Street site which is necessary for regeneration purposes.

The surrender of the Council’s lease of the Swimming pool facility will relieve it of liability under the lease to KSDL.

 

The restructuring will mitigate the Council’s liabilities.  Various alternative structural changes have been considered previously, but these have not been successfully implemented. This arrangement has features that are advantageous over previous proposals.

 

Decision type: Non-key

Decision status: Recommendations Approved

Wards affected: (All Wards);

Notice of proposed decision first published: 10/10/2024

Anticipated restriction: Part exempt  - View reasons

Explanation of anticipated restriction:
Public report with private appendix.

Decision due: 7 Oct 2024 by Strategic Director for Growth and Regeneration

Lead member: Portfolio Holder - Transport and Housing

Lead director: Executive Director for Place

Department: Finance and Regeneration

Contact: Martin Dearnley, Head of Risk - Internal Audit & Risk Management Email: martin.dearnley@kirklees.gov.uk.

Members/Officers Involved: Cllr M Crook, Cllr C Pattison, Cllr Jo Lawson, Cllr C Scott, Cllr John Lawson, Cllr D Hall

Decisions

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