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Last Updated: Feb 4th, 2010 - 22:23:54 |
"As it is almost two months now since we announced that the project to develop Beaumont Park into a sports complex had been delayed, I felt that it was important to give people a further update of the situation.
Following the granting of planning permission last autumn, we embarked upon the task of putting together a legal framework for the whole of the sports village and this has proved far more complicated than we first anticipated. As a result a considerable amount of time this winter has been spent locked in discussion with solicitors to define the details of the businesses and also negotiating the terms of the lease with Leicester City Council.
In our view it is essential for the long term sustainability of the project that we get these negotiations right from the outset because we want to deliver a project that will outlive the current lease of 99 years. We are mindful of the fact that everyone is willing us to deliver a speedway stadium now but over eagerness to commence the development may jeopardise the long term future of Leicester Speedway.
I can assure you that we are continuing to plan for this season and we remain committed to delivering the stadium this year and if at all possible seeing racing commence in Beaumont Leys sometime during 2010.
We do really appreciate the patience supporters are showing us during this frustrating time and rest assured we are equally frustrated.
However, it is the determination of Leicester Speedway Limited to ensure that the project is on sound footing for the long term that has delayed the development of the site for the time being."
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