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Tuesday, May 6, 2008

Tesco offer "Significant" reductions to retail development

TescoFaced with the prospect of unanimous objections from all neighbouring authorities, and in a bid to stave off the inevitable public enquiry, Tesco have offered to significantly reduce the retail element of destination Kirkby. Figures of between 40 and 50% have been mentioned which will clearly have a detrimental impact on the £50M cross subsidy promised to Everton Football Club.

Whilst the cynical amongst you may believe that this new level of retail has always been Tesco's real intention, Everton remain supremely confident that Tesco will fund the shortfall and deliver the much needed planning permission, err we mean stadium.

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