Saturday, March 28, 2009

Construction deflation knocks £40m off cost of Spurs' new stadium

Tottenham Hotspur claims it will save ВЈ40m on the cost of their planned new stadium due to the falling price of construction materials.

"The stadium build cost has come down by about ВЈ40m because of a fall in the price of steel and cement," Spurs' finance director Matthew Collecott told Bloomberg. "People who want to do this project have greater availability than they did a year or so ago."

Spurs are planning to spend ВЈ250m on the new stadium.

A full planning application for the Northumberland Development Project, adjacent to their existing White Hart Lane ground, is due in the next few months.

The club says it has been encouraged by the response of local residents to the proposals.

Construction work will start next month on their new training complex in Enfield.

GOP predicts budget disaster
EDF warns against planning delays to UK’s new nuclear programme