Havering Council expected to plough £2m into planned Romford swimming pool and ice rink to plug inflation-fuelled funding gap
PUBLISHED: 15:54 18 November 2013 | UPDATED: 15:54 18 November 2013
Increased construction costs mean Havering councillors will be asked to sign off an extra £2million of funding for Romford's new leisure centre at Wednesday's cabinet meeting.
It had been hoped the new swimming pool and ice rink would be funded entirely by the £25m sale of the old ice rink site to supermarket chain Morrisons when the matter first came before the council.
But a report due to be presented to cabinet on Wednesday says inflation, extra demands attached to Sport England’s recent £2m grant, “various planning requirements” and the impact of ground soil surveys have led to a £2m funding gap, meaning the estimated cost is now £29m.
The cash had already been set aside in a reserve for the project, meaning no cuts or tax hikes will need to be made to fund it.
Council leader Cllr Michael White called the project “really exciting”.
He added: “It will bring even more visitors in to Romford town centre.
“This extra money secures the funds we need to start the development as soon as we can.”
If cabinet approves the cash, the decision will be referred to full council the following week for final sign-off.