Have Your Say: Another win for the Swans
YOU kindly printed my letter suggesting that it was timely for the city council to relinquish its ownership of the Liberty Stadium (Have Your Say, Sept 17).
Since then I have had a number of comments supporting this proposal.
However one contributor to the Post's website is certain that the council will not relinquish ownership of the stadium. I hope he or she is wrong.
There is a powerful case for the capital tied up in this asset now being re-invested.
First, it is not in the football club's long term interests to be reliant upon a stadium owned by others.
Second, if a sensible transfer can be effected, the Swans could for the second time spark a further renewal of the city.
Third, it is not in the interests of the council to accept the ownership risks involved with a major expansion of the stadium.
Finally, the current ownership/ management arrangements are, at best, sub-optimal for the council taxpayer.
By way of example, if ownership of the stadium was transferred to the football club for, say, £4 million per year over 10 years, such a sum would enable the council to deliver a new house-building programme to address the current shortage of affordable housing.
If built on land owned by the council — perhaps by a direct labour force using local tradesman and with a good apprenticeship scheme — about 1,000 houses could be built over the period.
Such a sum would also pump much needed spending power into the local economy.
Wouldn't that be another fine achievement for the Swans to have made possible?