'Some local businesses'?
What state do you think the city of Hull would be in without the success of Hull City? Its far more then parking fees. Every aspect of the leisure and retail trade has benefited, from hotels and shops to the pub trade, from taxis and buses to Hull Trains to the Ferries. The city has taken on a whole new identity since Hull City reached the Premier League. Our new profile and national awareness on the back of this was a major factor in Hull even getting considered for the UK City of Culture 2017. Even admissions to the university are up.
The council could have built 20 KC Stadiums with the money they wasted when they undersold the remaining shares.
Millions were spent refurbishing council housing stock which were later demolished. The OPE tower blocks, huge expanses of houses on OPE, Ings Road and Preston Road. I don't need to know the figures when anyone can see the vast areas of empty spaces.
The £43 spent on the KC Stadium was loose change in comparison to the rest of the cash raised by the share floatation, yet it was still a brave investment and one of the better one's they have made.
If every £43m they had spent had of brought in the same return as the KC Stadium has then HCC wouldn't be so cash strapped as they are today.
Can you name anything that was bought from the KC floatation windfall that has brought a better return?
Pleased your parents benefited from having their house refurbished on the back of the floatation. Not every resident of Hull were so lucky. Which begs the question, it the telephone company was really owned by the people of Hull why did those in council houses reap most of the benefits? None of my family got a new roof, double glazing, new garden wall, a re-wire and so on out of it.