FINANCE

Extra borrowing request after restoration costs rise

Stockton-on-Tees BC councillors will be asked next week to approve an extra £6.5m borrowing after costs for the restoration of a live entertainment venue increased.

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By Dan Peters | 20 June 2019

Stockton-on-Tees BC councillors will be asked next week to approve an extra £6.5m borrowing after costs for the restoration of a live entertainment venue increased.

The extra cash needed would bring the cost of the restoration of the Globe to £26.8m and push back the opening of the venue from next spring to later that year.

Dan Peters

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Dan Peters

Popular articles by Dan Peters

  1. London Councils lobbies for single settlement for capital
  2. 500% rise in unregistered and illegal home use
  3. NAO blames council audit backlog for failure to sign off Government accounts
  4. Councils 'hamstrung' on net zero
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