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Post by mancgas has left the building on Aug 15, 2014 13:35:21 GMT
An indication of Sainsbury's capital projects intention
As folks will know Wadebridge is one of the stores Sainsbury's named as one they are mothballing, even though they had started work on the ground.
They have now confirmed the decision on whether works will re-commence will be delayed until towards back end of the year.
In a further twist as I mentioned previously Sainsbury's have not handed over all of the community funding agreed. Not only have they confirmed that they will not be making the final payment unless they make the decision to proceed, they have notified the council of their intention to claim back almost 50% of the monies already paid to date, as they are entitled to, if their decision is to not proceed with building.
So the Council will have to repay just under £250,000 plus interest if Sainsbury's confirm in November that they are not proceeding with the works already started.
Fortunately we have a watertight agreement on the sale of the land, so their shenanigans re to build or not to build are not our concern (allegedly)
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Post by CountyGroundHotel on Aug 15, 2014 13:43:29 GMT
Have we had a week since the last Sainsburys scare thread or has the quota now been upped?
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Post by mancgas has left the building on Aug 15, 2014 13:53:50 GMT
No idea - just Wadebridge has been mentioned on here a lot in many threads and as I live near there and its front page headlines in my local paper thought people may be interested. Hopefully the thread title 'Wadebridge Sainsbury's' will mean those not interested may not bother looking at it.
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Aug 15, 2014 13:57:06 GMT
Sainsbury Update from the board next week
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Post by CountyGroundHotel on Aug 15, 2014 14:07:50 GMT
No idea - just Wadebridge has been mentioned on here a lot in many threads and as I live near there and its front page headlines in my local paper thought people may be interested. Hopefully the thread title 'Wadebridge Sainsbury's' will mean those not interested may not bother looking at it. Obviously no need for your final line then if it was only about wadebridge? Still time to edit it |
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Post by longjohnsilver on Aug 15, 2014 15:00:45 GMT
An indication of Sainsbury's capital projects intention As folks will know Wadebridge is one of the stores Sainsbury's named as one they are mothballing, even though they had started work on the ground. They have now confirmed the decision on whether works will re-commence will be delayed until towards back end of the year. In a further twist as I mentioned previously Sainsbury's have not handed over all of the community funding agreed. Not only have they confirmed that they will not be making the final payment unless they make the decision to proceed, they have notified the council of their intention to claim back almost 50% of the monies already paid to date, as they are entitled to, if their decision is to not proceed with building. So the Council will have to repay just under £250,000 plus interest if Sainsbury's confirm in November that they are not proceeding with the works already started. Fortunately we have a watertight agreement on the sale of the land, so their shenanigans re to build or not to build are not our concern (allegedly) In other news the price of fish just went up. |
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dido
Predictions League
Peter Aitken
Joined: May 2014
Posts: 1,883 
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Post by dido on Aug 15, 2014 15:36:34 GMT
Thanks for that Manc.
I found it interesting.
I hope you don't mind me replying without the scorching sarcasm others can muster?
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Post by mancgas has left the building on Aug 15, 2014 16:11:18 GMT
Thanks for that Manc. I found it interesting. I hope you don't mind me replying without the scorching sarcasm others can muster? well that's 2 of us with a happy life - anymore for anymore? |
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Post by mancgas has left the building on Aug 15, 2014 16:12:03 GMT
No idea - just Wadebridge has been mentioned on here a lot in many threads and as I live near there and its front page headlines in my local paper thought people may be interested. Hopefully the thread title 'Wadebridge Sainsbury's' will mean those not interested may not bother looking at it. Obviously no need for your final line then if it was only about wadebridge? Still time to edit it sorry you've lost me - thats the position isnt it? |
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Post by CountyGroundHotel on Aug 15, 2014 16:16:45 GMT
Obviously no need for your final line then if it was only about wadebridge? Still time to edit it sorry you've lost me - thats the position isnt it? So we've got land in wadebridge as well. Things are looking up |
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ricardo
Steve Elliot
Joined: May 2014
Posts: 138
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Post by ricardo on Aug 15, 2014 16:28:46 GMT
I wouldnt usually post but as it appears the forum police have stepped up their patrols I will also add my thanks for the info Manc.
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Post by PeterHooper57 on Aug 15, 2014 16:54:34 GMT
When are the legal teams from both sides going to stop talking to each other on a daily basis; and simply confirm, the BODs have agreed a compensation package for themselves, the BODs are going to resign and the proposed Project at the UWE has beeb scrapped. O ye, and it is not the BODs fault. UTG
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,278
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Post by kingswood Polak on Aug 15, 2014 17:05:32 GMT
When are the legal teams from both sides going to stop talking to each other on a daily basis; and simply confirm, the BODs have agreed a compensation package for themselves, the BODs are going to resign and the proposed Project at the UWE has beeb scrapped. O ye, and it is not the BODs fault. UTG My heart hopes the build goes ahead and funding is sorted but my head says the ridiculous silence, Infighting and turning away good offers to invest, means it is not going ahead and that the politburo are looking for the best way to compensate themselves. I see the UWE people becoming impatient and looking for other alternatives for the land. It just does not paint a pretty picture. I hope I am so very wrong. I would have no problem being given stick for being wrong. |
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Post by lulworthgas on Aug 15, 2014 17:20:48 GMT
When are the legal teams from both sides going to stop talking to each other on a daily basis; and simply confirm, the BODs have agreed a compensation package for themselves, the BODs are going to resign and the proposed Project at the UWE has beeb scrapped. O ye, and it is not the BODs fault. UTG My heart hopes the build goes ahead and funding is sorted but my head says the ridiculous silence, Infighting and turning away good offers to invest, means it is not going ahead and that the politburo are looking for the best way to compensate themselves. I see the UWE people becoming impatient and looking for other alternatives for the land. It just does not paint a pretty picture. I hope I am so very wrong. I would have no problem being given stick for being wrong. I am waiting with my stick, I hope I get to use it!!!! |
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Post by tbonegas on Aug 15, 2014 17:25:56 GMT
An indication of Sainsbury's capital projects intention As folks will know Wadebridge is one of the stores Sainsbury's named as one they are mothballing, even though they had started work on the ground. They have now confirmed the decision on whether works will re-commence will be delayed until towards back end of the year. In a further twist as I mentioned previously Sainsbury's have not handed over all of the community funding agreed. Not only have they confirmed that they will not be making the final payment unless they make the decision to proceed, they have notified the council of their intention to claim back almost 50% of the monies already paid to date, as they are entitled to, if their decision is to not proceed with building. So the Council will have to repay just under £250,000 plus interest if Sainsbury's confirm in November that they are not proceeding with the works already started. Fortunately we have a watertight agreement on the sale of the land, so their shenanigans re to build or not to build are not our concern (allegedly) In other news the price of fish just went up. Balloons have also gone up,but that is down solely to inflation. |
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kingswood Polak
Without music life would be a mistake
Joined: May 2014
Posts: 10,278
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Post by kingswood Polak on Aug 15, 2014 17:33:33 GMT
My heart hopes the build goes ahead and funding is sorted but my head says the ridiculous silence, Infighting and turning away good offers to invest, means it is not going ahead and that the politburo are looking for the best way to compensate themselves. I see the UWE people becoming impatient and looking for other alternatives for the land. It just does not paint a pretty picture. I hope I am so very wrong. I would have no problem being given stick for being wrong. I am waiting with my stick, I hope I get to use it!!!! And I look forward to it.  |
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Post by Northville Blue on Aug 15, 2014 17:40:36 GMT
I wouldnt usually post but as it appears the forum police have stepped up their patrols I will also add my thanks for the info Manc. Likewise Ricardo, thanks Mancgas. |
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Aug 15, 2014 17:44:31 GMT
I wouldnt usually post but as it appears the forum police have stepped up their patrols I will also add my thanks for the info Manc. And mine. Thanks Manc, its interesting in the context of our own relationship with Sainsburys in that it gives an insight to their thinking. Paul, (County etc) give it a rest mate |
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intheknow
Archie Stephens
Joined: May 2014
Posts: 232
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Post by intheknow on Aug 15, 2014 20:54:38 GMT
An indication of Sainsbury's capital projects intention As folks will know Wadebridge is one of the stores Sainsbury's named as one they are mothballing, even though they had started work on the ground. They have now confirmed the decision on whether works will re-commence will be delayed until towards back end of the year. In a further twist as I mentioned previously Sainsbury's have not handed over all of the community funding agreed. Not only have they confirmed that they will not be making the final payment unless they make the decision to proceed, they have notified the council of their intention to claim back almost 50% of the monies already paid to date, as they are entitled to, if their decision is to not proceed with building. So the Council will have to repay just under £250,000 plus interest if Sainsbury's confirm in November that they are not proceeding with the works already started. Fortunately we have a watertight agreement on the sale of the land, so their shenanigans re to build or not to build are not our concern (allegedly) More Sainsburys news .... The portishead store they started building 8 weeks ago now had a roof on . |
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Bridgeman
Alfie Biggs
Joined: May 2014
Posts: 3,549
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Post by Bridgeman on Aug 15, 2014 21:04:06 GMT
....mean while over here in South Wales  Asda have now got the main building for their new store up in Caldicot after what seems like only a couple of weeks work but sadly in Abergavenny Morrison's despite having demolished the old run down cattle market for their new store appear to have downed tools and stopped work....just saying like  |
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Asda have now got the main building for their new store up in Caldicot after what seems like only a couple of weeks work but sadly in Abergavenny Morrison's despite having demolished the old run down cattle market for their new store appear to have downed tools and stopped work....just saying like 