Circuit of Wales - never going to happen?

[JonChalk]

...and if it does it will be taking our money down with it.

If Trevor Carlin cannot see how it will ever get the use to pay for itself, who else in motorsport knows better?

http://www.walesonline.co.uk/news/politics/circuit...

[JonChalk]

Centurion07 said:

LOL. Well it would be if they hadn't wasted so much of our money on something so blindingly obviously doomed to failure.

[JonChalk]

mcdjl said:

I did think of this plan a few weeks back when I was at an all but deserted Rockingham for a race day.

At least this never made it into a pre-doomed reality.

Rare moment of common sense from ministers - seeing through the BS.

[JonChalk]

FredericRobinson said:

After how many years and how many millions though?

True.

I mean it could have been worse, but you're right; what idiot thought it was a good idea anyway?

[JonChalk]

Tyre Tread said:

I happened to watch some of the Sennedd discussion yesterday and I from what I gathered there were huge issues with the way the finance deal was structured; the main one being if the backers reneged on payment then the Welsh Gov't's guarantee kicked in but Aviva took 100% ownership.

At least that's what I understood the First Minister to say.

That was my read of it as well. No wonder they wanted nothing to do with it any more.

Looked like Welsh government would end up forking out something like £210M on failure of the project at any stage, but having no rights to either the land or any facilities created up to that point.