Punt Road Redevelopment | PUNT ROAD END | Richmond Tigers Forum
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Punt Road Redevelopment

year of the tiger

Tiger Legend
Mar 26, 2008
7,967
3,159
Tasmania
I was listening to my local radio station and Peggy was being interviewed. They asked her many questions. But what stuck out was she was asked her priority for Richmond. Peggy said another premiership. We don’t get tired of winning those.

But the other was was the Punt Road Redevelopment. Peggy said she has given Brendan that main strategic role and they are very busy getting all the required permits. And she hope it’s ready in the next 2 to 3 years.

Peggy was also asked which NFL team she supported. She said none. But she did go to college at Virgina Tech. She forwarded the YouTube video of their pregame to the clubs management and said this is fan engagement. Anyway it was a great interview. She is a legend.

hey MB, what was the station you listened to - I wouldn’t mind listening to it.

Loved the energy in the pre game, just simple riffs really - better than the Port song
 
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MB78

I can have my cake and eat it too
Sep 8, 2009
7,323
1,047
hey MB, what was the station you listened to - I wouldn’t mind listening to it.

Loved the energy in the pre game, just simple riffs really - better than the Port song
Hampden League Live 3YB lockdown special show. 94.50fm. Not sure if they will replay the interview.
 
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caesar

Tiger Legend
Feb 9, 2015
5,179
7,209
I was listening to my local radio station and Peggy was being interviewed. They asked her many questions. But what stuck out was she was asked her priority for Richmond. Peggy said another premiership. We don’t get tired of winning those.

But the other was was the Punt Road Redevelopment. Peggy said she has given Brendan that main strategic role and they are very busy getting all the required permits. And she hope it’s ready in the next 2 to 3 years.
Covid has absolutely brought the Punt Road Re-Development to a grinding halt. Believe their view before Covid was they were hoping to commence at least part of the development by start of 2022, State Gov't had given us a 15.5m grant and the Fedral Gov't 15m and RFC who was was flushed with funds after our first two GF wins was going to access some of their $24.4m cash reserves with the balance of the proposed $60m project to be raised by other sources.
Bang comes Covid and I would say we now would have virtually NO cash reserves left? and due to uncertainty Peggy is now talking 3 years. :(

Here is excerpt from 2019 Annual Report:

Off-field the Club is reporting a profit of $4.1 million for the financial year ended October 31. The Club generated total income of $92.2 million, which represented an increase of 16% year-on-year. The Club is in a very sound financial position with cash reserves of $24.4 million.

Hope the $30m in grants cannot be used for anything other than the development itself.
 
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taztiger4

Shovelheads- Keeping hipsters off Harley's
Jul 13, 2005
6,338
3,731
Richmond Victoria
Covid has absolutely brought the Punt Road Re-Development to a grinding halt. Believe their view before Covid was they were hoping to commence at least part of the development by start of 2022, State Gov't had given us a 15.5m grant and the Fedral Gov't 15m and RFC who was was flushed with funds after our first two GF wins was going to access some of their $24.4m with the balance of the proposed $60m project to be raised by other sources.
Bang comes Covid and I would say we now would have virtually NO cash reserves left? and due to uncertainty Peggy is now talking 3 years. :(

Here is excerpt from 2019 Annual Report:

Off-field the Club is reporting a profit of $4.1 million for the financial year ended October 31. The Club generated total income of $92.2 million, which represented an increase of 16% year-on-year. The Club is in a very sound financial position with cash reserves of $24.4 million.

Hope the $30m in grants cannot be used for anything other than the development itself.
Cash reserves at end of 2020 were $16M

 
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BillyJean17

Tiger Champion
Jul 27, 2009
2,838
630
melbourne
Covid has absolutely brought the Punt Road Re-Development to a grinding halt. Believe their view before Covid was they were hoping to commence at least part of the development by start of 2022, State Gov't had given us a 15.5m grant and the Fedral Gov't 15m and RFC who was was flushed with funds after our first two GF wins was going to access some of their $24.4m cash reserves with the balance of the proposed $60m project to be raised by other sources.
Bang comes Covid and I would say we now would have virtually NO cash reserves left? and due to uncertainty Peggy is now talking 3 years. :(

Here is excerpt from 2019 Annual Report:

Off-field the Club is reporting a profit of $4.1 million for the financial year ended October 31. The Club generated total income of $92.2 million, which represented an increase of 16% year-on-year. The Club is in a very sound financial position with cash reserves of $24.4 million.

Hope the $30m in grants cannot be used for anything other than the development itself.
Not sure how much you know of financial markets old mate but if that 30mn in cash reserves had some exposure which I’m lead to believe it does , it May well be more like 40+ Mn in reserve end of this calendar year