Report of the Leader of the Council
The Board considered the report of the Leader of the Council/Portfolio Holder for Regeneration, Safety and Communications requesting approval to enter into a new lease with Nottingham Forest Football Club for land and buildings at Trentside North in West Bridgford.
The Board heard that the football club will erect a replacement football stand on the land and that the replacement boat club facilities and residential units would be created. The Board agreed that this proposal would help to lift the area alongside current regeneration taking place.
(1) Agree to the principle of entering in to a new 250 year lease with Nottingham Forest Football club for land and buildings at Trentside North, Westbridgford, Nottingham and to the erection, by the leesee (at their cost) of a replacement football stand, ancillary buildings, replacement boat facilities and residential units on the basis of the
terms set out in the exempt appendix;
(2) Agree to the surrender of the remainder of the existing 50 year lease to Nottingham Forest Football Club, along with the surrender of other ancillary leases to boat club leessees as necessary , provided that the principle of boat club use in the area is retained;
(3) Delegate authority to the Director of Strategic Assets and Property to amend the agreed terms of the lease and to agree other practical matters in delivering a new lease (such as entering in to Agreements for Lease or option agreements) provided that the lease term is not extended ort that the principle of the decision is not materially affected by the changes.
Reasons for Decision
The Peter Taylor stand built in 1963 are not felt to be fit for purpose and are in need of rebuilding in order to provide increased capacity, improved standards for fans and improved corporate hospitality.
The facilities of the Boat club and Nottingham & Union Club facilities are also in need of refurbishment having become too small, outdated and difficult to manage. The Boat clubs and Football club have entered into a joint negotiation position as set out in the exempt appendix.
The agreement as it currently stands allows both the football club and the boat club to realise their ambitions of improved facilities leading to better provision for citizens.
Under the agreement all existing rights of way will remain and the football club will take on responsibility for maintenance of the riverbanks and Trentside Road.
By delegating authority to the Director of Strategic Assets and Property any proposed changes to this lengthy and complex lease agreement in the drafting stages can be made with minimal delay.
Other option considered
There were two alternative options considered. The first was not to agree to a new lease. This option was rejected as it would fail to achieve best value for the council and would not allow the club to meet their requirements for a modern, fit for purpose stadium on their current historical site.
The other option considered was to agree to a new lease but on different terms. This was rejected as the terms have been fully negotiated before settling on. Settling for alternative terms would not result in the best position for Nottingham City Council and Nottingham Forest Football Club to the satisfaction of all parties.