blog header image

Posted : 09 Mar 2017 at 16:32:12
Category: News

Share this article

The bill for Spurs’ new stadium has gone up from £400m to £800m, the club has said, with the fall in the pound adding 20% to construction costs

"It's worth remembering that the original cost quoted for the stadium was some seven years ago,” executive director Donna Cullen emailed a fan, HotspurSam

“This new 'estimated' figure relates predominantly to the stadium with some elements of substructure for the other builds particularly the Tottenham Experience

" The email was posted on www

skyscrapercity

com, where there is a forum dedicated to scrutinising the details of the project

In it, Donna Cullen says: “Brexit has added a straight 20% on costs for foreign goods due to the exchange rate, overtime working and increased construction costs similarly

Revised basement works also added to the cost

We are constantly managing costs and will continue to do so throughout the process along with funding plans to ensure the viability of the scheme

" Meanwhile new photos released by the club reveal substantial progress with the build programme

An estimated 3,000 construction jobs are expected to have been delivered by the time the new stadium opens in August 2018 and 72,000 m2 of concrete will have been poured

Spurs’ new stadium is being built adjacent to its current White Hart Lane home, with Mace as main contractor

Designed by Populous, it will have a capacity of 61,000, incorporating the UK’s largest single tier stand, the home southern end, which will be able to hold up to 17,000 spectators

It will also have a retracting pitch to make it suitable for American football after the club signed a commercial deal with the NFL

Spurs chairman Daniel Levy has described the project as "the most complex private build in Europe at this time"

SIMILAR NEWS

blog header image
NEWS
CONSTRUCTION GROWTH SLOWS AS COSTS “GO THROUGH THE ROOF”

The pace of construction growth slowed in August as buyers reported near record rises in input cost inflation.       The bellwether IHS Markit/CIPS UK Construction PMI Total Activ ...

blog header image
NEWS
SUBCONTRACTORS HIT OUT AT HMRC OVER SLOW VAT REPAYMENTS

Specialist contractors have hit out at HMRC over the time it takes to reclaim VAT payments following a controversial change in the tax regime earlier this year. The “domestic reverse charge&rd ...

blog header image
NEWS
LABOUR COSTS ‘BREAK RECORDS’ AS VACANCIES SOAR

Recruiters have reported “record-breaking” increases in labour costs as new data shows vacancies hitting fresh highs. Between May and July, there were 38,000 vacancies in the construction ...

blog header image
NEWS
TIMBER SHORTAGE DUE TO 'UNPRECEDENTED' POST-LOCKDOWN DEMAND

The price of timber has risen sharply with builders struggling to get supplies, as post-lockdown construction and DIY projects create huge demand. The Timber Trade Federation (TTF) said supplier ...

blog header image
NEWS
UK CONSTRUCTION FACES ‘PERFECT STORM’ AS SUPPLY SHORTAGES LOOM

UK construction is facing a “perfect storm” of growing skills and materials shortages as demand for building reaches record levels driven by home improvements, the housing market and new i ...

blog header image
NEWS
DEMAND FOR CONSTRUCTION WORKERS CLOSE TO 20 YEAR HIGH

The staff shortage in construction is continuing to bite, with 33,000 job vacancies for the period of April to June according to the latest figures from the Office for National Statistics. It is the s ...

business-directory Business Directory
smartbusinessdirectory Payroll Services Business Directory
truebusinessdirectory payroll-services Directory
payroll-services Directory