Falling land values to delay Meadowbank scheme
Plans for the £25m redevelopment of Edinburgh's Meadowbank Stadium are set to be put on hold due to a decline in the property market.
Earlier this year, the City of Edinburgh Council had agreed to sell a third of the land at the stadium site, estimated to be worth £17m, to help meet the project's cost. However, a recent estimate revealed that the current value may only be worth £5m, and as a result, the council has been forced to delay the scheme.
The council's finance leader, Gordon Mackenzie, said: "The decision to postpone the Meadowbank project is difficult from a sporting perspective but financially it looks inevitable. We have experienced a significant drop in land values and the numbers simply don't stack up at this time." Deidre Brock, the council's sports leader, added: "While we wait for economic conditions to improve, we need to make sure that athletes have access to training facilities in the build up to the Olympic and Commonwealth Games.
A meeting of the full council on 20 November will determine whether to postpone the Meadowbank redevelopment.
Commercial Fitness Manager
Exercise Referral Co-ordinator
Assistant Regional Director
Sport Centre Team Leader
Team Leader BSV
Lifeguard/Recreation Assistant
Casual Swim Teacher
Team Leader
Lifeguard/Recreation Assistant
Leisure Centre Deputy Manager
Duty Manager
Duty Manager Golf and Athletics
Centre Manager (Leisure)
Fitness Motivator
Recreation Assistant/Lifeguard (NPLQ required)
Recreation Assistant
Swimming Teacher
Swimming Teacher
Company profile
Featured Supplier
Property & Tenders
Company: Knight Frank
Company: Belvoir Castle
Company: AVISON YOUNG
Company: London Borough of Bexley
Company: Forestry England