Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Council bosses have spent nearly £400 million so far on TECA, report reveals

The P&;J Live in Aberdeen.
The P&;J Live in Aberdeen.

Council bosses have already spent nearly £400 million on Aberdeen’s massive TECA facility, a new report has revealed.

Documents submitted to next week’s capital committee show that the Bucksburn site has a gross budget of more than £424 million and more than £390 million has been spent to date.

While the price of the P&J Live arena and conference spaces have eaten up the vast majority of the budget – at £327 million – the rest of the cash has been allocated to the on-site hotels and the green energy plant.

A report to councillors notes: “The financial profile for the TECA project has been reviewed to recognise the overall gross expenditure for the project.

“The final expenditure can only be confirmed once all the project works are complete.”

The 16,000 capacity main arena will host conferences, exhibitions and music concerts and Teca is expected to annually contribute an additional 4.5 million visitors, £113 million of visitor spend and £63 million net gross value added to the Scottish economy.

Lord Provost Barney Crockett, whose council ward includes the facility, said: “The original figure of the £333 million was for the arena and this updated one includes the whole site with the hotels and energy plant – which is really world leading.

“It is of course an enormous expenditure by the council but it is also an investment in what will be a keystone for the city’s economic future.

“I think there is a real buzz about the site from the public and business and I’m confident this will be a good investment that brings a substantial return to the city and region.”

A spokesperson for Aberdeen City Council said: “When accounting for all other projected income the final net budget will be £383m. This is consistent with the council’s total approved financial commitment.

“This gross budget includes the original estimated construction costs of £333m. The final actual construction costs are currently estimated at £327m.

“In addition to the construction costs, the total gross budget of £424.64m allows for all other enabling costs such as pre-construction design and development, specialised fit-out, professional fees and other commercial agreements.”

Opposition SNP resource spokesperson Alex Nicoll said: “TECA is undoubtedly a major new asset for the city but this report serves as a timely reminder for the people of Aberdeen that while the Tories are cutting front-line services and raising council tax by 4.5%, they have still been able to find almost half a billion pounds for the new conference centre.”

Already a subscriber? Sign in

[[title]]

[[text]]