The Council has confirmed that the contract for building works at the Guildhall complex will cost £10.8 million.This varies from the amount indicated in November but is in line with the budget agreed last spring.
The contract was been awarded to Interserve
The work is expected to be completed by November 2019
The Council’s approach to redevelopment of the Guildhall area has been the subject of controversy since it became clear that no private sector firm was prepared to share the risk on the contract. The approved total capital cost for the project is £12.8 million.
To this should be added any shortfall on running costs
Ironically, 4 years ago, the then Leader of the Council, quoted the Guildhall contract when explaining how attendance at the Cannes estate agents jamboree “Le Marché International des Professionnels de l’immobilier (MIPIM)” would generate investment in the Guildhall project.
The next MIPIM event takes place in March in a modest little venue in Cannes (see below). The West Yorkshire Combined Authority (formerly Leeds City Region) – part of the budget for which income from York taxpayers – will be represented there, as they have for each of the last 5 years.