Quote Trojan Horse="Trojan Horse"If after multiple months of discussions before planning and after submission between Trinity and YC (maybe WMDC?) haven’t yielded any agreement for funding by now then it’s unlikely they will.
The developer meanwhile have got further planning on the land at Newmarket.
I really hope I’m wrong but if we haven’t yet secured funding it’s looking ominous. At one of the early Q and As didn’t they say that they were aiming to secure funding/discussing it before the planning was even submitted? I may be wrong there though. Planning has been submitted and I’m sure there will be reliable estimations on costings available so I’d like to think it’s all sorted and we aren’t still fighting a for said funding.
The trinity board must be pulling their hair out.'"
You don't know that, sorry but you don't.
I get your concern but that's not how this deal works. The monies simply cannot be transferred until planning permission is passed.
I detest YC but even I wouldn't expect them to hand over the funding without the above, would you?
I keep saying this but the NM planning is only a small part of this deal, it's a wee bit more complex than just that. Even if I was free to tell you how it works I'm not sure I could, I'll be honest it's a bit beyond me. I'm only reasonably happy with the deal because TRB seemed to get it!
As for the amount, yes that is fluid and dependent on the economy, timing will affect the amount by a small degree, that's just reality. Even if we only get say 5 million it's still a triumph, where else would Trinity pick up that amount of cash? It's far less than we deserve but it's gone beyond that now, now anything is a win.
As someone who's been involved since 2004, it seems to me to be the closest we have ever been to getting something but I couldn't in all conscience say I'm certain. Keep the faith is all I can say, MC and JM are nobody's fools, I think we all agree on that, they are not going to be hoodwinked and they do have some decent leverage at their disposal.
PS: There is nothing sinister about the delayed planning, it's purely Covid related, on this one I think it's fair to say Trinity is NOT the victim of a scam.