The partners in the Stadium for Cornwall project, the Cornish Pirates, Truro City FC and Truro and Penwith College, say they’ll need £6m of public sector investment to create the new development by 2019.
Following the recent granting of planning permission for the redevelopment of Truro City Football Club’s Treyew Road ground, the partners now have £6m and a potential borrowing capability of up to £2m.
Originally, it was hoped the neighbouring development would provide the infrastructure and the balance of the funding without the need for any public money.
But now the neighbouring the retail development is not progressing, the infrastructure and remaining funding required will not become available to allow the stadium to be delivered in 2019.
The three partners say any further delay not only puts the Stadium project at risk, it also threatens the future of both the Cornish Pirates and Truro City and prevents Truro and Penwith College from establishing a new business centre, hospitality and catering academy, as well as providing new facilities for the college’s highly successful sporting academy.
The council’s leader Adam Paynter said the situation would be put to a full council vote in April.






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