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I believe the total cost is £36m. £18m developer. £14m council loan funded by the Govt and £2m Public funding. This project is not taking ANY money from the existing council tax pot.

I disagree, that area could do with regeneration. Preston St and it's environs have hit hard times in the last few years, and something like this bringing in thousands of visitors a year could start to make a difference.

The money for this project is not coming from council tax coffers. it is coming from a central government fund designed to support commercial projects such as this and all things being well be repaid by proceeds from the i-360 itself. Sadly thanks to government cuts and the inability to raise...

I could not agree more. In fact the success of the few things that have managed to get built such as the Jubilee Library and surrounding area, the regeneration of the Level etc show just what good can happen when we do get projects off the ground here.

The funding for the loan comes from a government fund designed specifically to back commercial projects not public ones such as a redeveloped King Alfred. The loan does not come from council taxpayers money yet council taxpayers could end up benefitting if the project is a success. That part of...

Good news, it's about time this thing got built. It cannot come a moment too soon for places like Preston Street which has really gone downhill so to speak over the last few years. It could potentially help boost that whole area.