Bloke in the pub last night reckons the UWE project is dead in the water and isn't going to happen.
Rovers don't have the money, Wally doesn't have (or won't put up) the money and backers are thin on the ground.
One of the major stumbling blocks is the Mem, for the financial numbers to start adding up and to possibly attract outside investment they need to sell it. This presents two problems.
1. It isn't worth anything like the number Sainsbury's were willing to pay.
2. As a residential investment any buyer would want immediate occupation as the financial outlook is uncertain with the European situation. So with interest rates low, the moment the ink is dry a developer would want to send to bulldozers straight in and not wait for UWE to he built.
Does this tie in with anything anyone else has heard?