Peterborough United's football ground has been bought by a Cambridgeshire council in an £8m deal. The London Road ground and surrounding land has been bought by Peterborough City Council, it was announced during Saturday's 3-0 home defeat to Derby. Council leader Marco Cereste said the council can now "unlock the future potential of Peterborough's riverside". The land was owned by Peterborough United Holdings Limited in a rental agreement meant to last until 2014. The football club, known as The Posh, sold their London Road home to a local property developer in 2003. The Posh Independent Supporters Association launched a campaign in 2009 urging the council to help the club secure a long term home ***************** My thoughts.................... Has the Council that much money to burn...........£8.000,000 for that piece of land............ no wonder our Council Taxes are high. |
Sunday, January 17, 2010
........from BBC local news today
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