a once in a generation opportunity to create a fantastic grassroots tennis and golf destination that is open to all

Q4 – Are the promoters of Park of Keir making money out of this proposal?

on July 13, 2015

A – This is not a normal commercial venture. The fact is that the construction of the proposed facilities are estimated to cost approx. £12.5m of which approx. £4m net will generated from the land value created by the 19 housing plots and hotel after historic land costs. The land that makes up the remaining 85% of the site will be transferred into the Community Interest Company to be used for the benefit of the Community as a Country Park. An additional £8.5m of funding will be raised from investors and sponsors and funding from national sports bodies such as the LTA and Tennis Scotland.

For more detailed information on the financial aspects of the proposal, please read the Outline Business Case that accompanies the planning application which can be accessed on Stirling Councils Public Access Planning Portal (Ref 14/0455/PPP)