Laing O'Rourke's Manchester arts venue jumps £19m in cost

By Jim Dunton and Jordan Marshall 2018-11-08T07:01:00

The latest incarnation of the theatre element of OMA's The Factory

The theatre element of OMA’s The Factory scheme in Manchester

The cost of Laing O’Rourke’s scheme to build a new arts venue in Manchester has gone up by close to 20%.

In a council report to be presented to its resources and governance scrutiny committee later today, the authority says the cost of the Factory project has risen from £111.65m to £130.62m.

It said the original budget had been set in 2015 but blamed today’s 17% hike on construction inflation which had been running at approximately 3% a year since then.

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