There has been considerable angst caused by the wording and new figures quoted by THST about the new stadium costs,there has been heated debate online in some areas and this content is taken from the skyscraper city NWHL thread and the member hotspursam ICYMI.
Thanks to them for the work in finding out.
From THST/THFC board meeting last week;
Finance, naming rights and ancillary projects
• MB asked if all of the financing was in place to complete the stadium build. DL stated that the funds would come from different sources and that the cost of the stadium was now estimated circa £800m
If you are unaware the original projection was around £400m and the total cost of the NPD (stadium,housing,hotels etc) was projected to be £750m.Here is the correspondance between hotspursam and Donna Cullen asking about "stadium only" and total cost clarification.
I have emailed Donna Cullen with the following request. It's 21:30 now so I won't get an answer, if any, until tomorrow.
Hello again Donna, hope you are well and in good fettle,
I am writing this time to ask if you are able to calm the on-line Spurs Stadium community about the cost of the new stadium.
In the latest minutes of the THST board to board meeting with the club, a figure of £800m was quoted as the cost now for the 'stadium' only - up some £400m from previously know public domain information. Can you please confirm this one way or the other please, so I can inform SSC and other forums, where discussion has become quite heated and vexed.
I imagine this cost will include the podium build plus the Tottenham Experience and maybe now the new Paxton Square/House complex as well.
Thank you for your time and consideration.
Best wishes
Sam
And the reply from Donna Cullen
It is £800m
Here is Donna's reply to my email, make of it as you wish.
Hi Samuel
It worth remembering that the original cost quoted for the stadium was some 7 years ago. This new 'estimated' figure relates predominantly to the stadium with some elements of substructure for the other builds particularly the Tottenham Experience. 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.
Hope this helps D
Yikes,that is a helluva increase.