Utter stupidity in Selangor Government Asset Management
Greed has cost the Rakyat of Selangor RM 3.28 billion
An estimated RM 30 million upgrade of the Stadium Shah Alam has been turned into an unnecessary RM 3.28 billion commercial development on the soon to be demolished Stadium Shah Alam site. This unpopular project, where both Selangor citizens and civil servants are in fear of criticizing due to the threats of being sued for defamation, or even investigated for sedition, has been pushed through by collusion of the elite in Selangor (this means both sides of the political spectrum).
The Selangor JKR estimated repairs to the Stadium Shah Alam would cost around RM 20 million. Yet, the state government is about to commit to an RM 3.28 billion redevelopment of the site, that will actually downscale the sports facilities in favour of building hotels, commercial and shopping complexes that cronies can benefit from.
No consideration has been given to maintaining one of Malaysia’s sports and entertainment icons, where it could have been totally updated and modernized for around RM 100 million.
Does the stadium need to be demolished, or could the roof just be repaired?
Deliberate neglect or utter stupidity in asset management?
Instead, Malaysians will get a much smaller stadium, with less parking available, losing a landmark that many are proud of. The Selangor government is destroying a legacy, not a stadium.
Instead of seeking RM 29 million from Federal development funds, the Selangor Government has decided to demolish the stadium totally, and swap RM 3.28 billion worth of prime state land to a company to develop into a commercial complex, which the managing state agency, Menteri Besar Incorporated (MBI) has not even done any financial analysis upon.
To spend RM 35 million to demolish a stadium that would have cost RM 20 million to repair just doesn’t make any sense.
There are just too many irregularities that make this whole deal look suspicious. The Edge Malaysia reported that a contract had been signed between MBI and the Malaysian Resources Corporation Berhad (MRCB) on February 6. At the time, the signing was purported to be just an MOU. This MOU was about the development of the site. The Edge also reported no deal for the development has been reached between MBI and MRCB for the actual development.
MRCB Bursa Malaysia announcement
Now, it is reported that the MOU was solely concerning the demolition of the Stadium Shah Alam. This is what MRUB reported to Bursa Malaysia on February 16.
Insiders within the Selangor State government informed the writer that the stadium was purposely left to fall into disrepair, in order to justify this project. If this is incorrect, then there has been gross asset mis-management going on in Selangor.
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This is DEFINITELY NOT “stupidity” as you labeled it.. just dig a bit deeper and you will find, I am sure, it is just plain old fashion bolih CORRUPTION. Follow the ringgit, someone or some party is making a killing. The only stupid ones are the hapless Rakyat, as usual. Bolih lah is itu bolih.
Another stadium larger or smaller may not be a good idea considering the country is incapable of producing even kampong standard sporting legends.
The only one remaining chance we may get somewhere in sport is to produce Sumo wrestlers since there's a fat chance obesity will overwhelm the country. We sure can produce Sumo wrestlers but that doesn't mean we can produce champions from those who overeat and are too terrified to exercise.
For the grand space of the deceased stadium, a bunch of shopping malls would be a great idea, the monkeys can walk around aimlessly and get all the exercise they can just about manage. Add a few cinemas, lots of places to feed the pigs, plus a few more of the world's tallest flag poles with all the fcuking MacDani party flags would nicely complete the picture of yet another of our nightmare visions.
Giant photos of our political fcukfaces should be everywhere as the public may forget those arseh*les for just a few minutes.
Oh! Don't forget the car parks which should be many and all over since the monkeys are too lazy to walk any distance.
Those who share my vision should write those dear fcukfaces concerned to express the view. Remember to write in Bahasa Malaysia/Melayu/MacDani as few can read Bahasa England if they can find the strength to open your envelopes after lunch. Or when they stop pissing about with other people's wives at the office.