FREMANTLE OVAL DEAL GOOD FOR FREMANTLE
Although no formal agreement has been reached between the Fremantle Dockers and the City of Fremantle indications are that it could be a good deal for Fremantle.
Delegated authority is with the CoF CEO and the Fremantle Football Club board will only meet on the 22nd to sign off on the deal, so we are still a few weeks away from knowing for sure if the Dockers will relinquish the long-term lease of Fremantle Oval when they move to Cockburn in April.
My understanding is that the initial demand of $ 7.9 million for the clubhouse has come down considerably and well under $ 4 million, to the point where it actually becomes a pretty good financial solution for the City, and it will avoid a long and costly drawn-out legal battle.
Since the City will temporarily have to move from Kings Square for at least two years for the development of the new civic building, the opportunity for City staff to move into the Dockers clubhouse seems better than leasing commercial space that might cost up to 4 million over two years.
It will also help to initially rehouse the East Fremantle Football Club until the redevelopment of the Stan Reilly site and Fremantle Oval project start.
It looks like a win-win for all but let’s wait for the fine prints.