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Community group trigger process to bid for Ryde Arena

Ryde Arena Community Action Group have this week officially registered their new company, Wight Ice Leisure Limited.

The company has been created as the legal entity with which to trigger the Asset of Community Value moratorium (as the Ryde Arena Community Action Group voted to do at the last meeting).

This means the asset can’t be disposed of without giving community groups a chance to bid.

Six month moratorium triggered
Robina MacIntyre, the Chairman Ryde Arena Community Action Group and Director Wight Ice Leisure Limited said,

“Today (Thursday) we notified the Isle of Wight Council of our interest in being treated as a potential bidder and they have confirmed this, which triggers the six month moratorium.

“The Isle of Wight Council will let us know for certain what the end date of this moratorium is soon, but we believe it to be 13th August.”

Wight Ice Leisure will also be used to conduct any negotiations with AEW UK (the landlord) and if required, to raise funds towards an attempt to acquire the ice rink for the community.

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Image: © Ryde Arena Community Action Group