LancsLive - MyPrestonWe use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time.The bill for Preston’s under-construction cinema and leisure complex has ballooned by £4m since planning permission for the scheme was granted less than 12 months ago.
The town hall has now told the Local Democracy Reporting Service that inflation and the resultant rising cost of materials are behind the near-10 percent increase. Full details of the financial arrangements for the long-awaited scheme were agreed in a private session of a full council meeting held in October.The city authority owns and is largely funding the project, with contributions of £3.
“This was factored into the decision taken by council to proceed with the development and it is anticipated the scheme will be complete in less than two years.
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