The amount Lichfield District Council is likely to spend on the Friarsgate project is “difficult to predict”, according to a new report.
The money spent during 2014/15 on the latest phase of the long-awaited city centre redevelopment was more than £400,000 less than anticipated, according to the local authority’s statement of accounts.
Council leader Mike Wilcox has previously said that it was likely to be “now or never” for the mixed use development after a recent consultation on the latest designs.
But a report from Jane Kitchen, the local authority’s director of finance, has warned that full financial cost is not yet known.
“There are ongoing design, legal and financial changes to the Friarsgate scheme,” she said.
“This means that spend for the project continues to be difficult to predict given the fluid nature of the project.”
