Living Landmarks rejection leads to cost cuts for Eastside Park
Neville Summerfield, Birmingham City Council cabinet member for regeneration, has called for the design of the park to be value engineered to reduce the cost from £18 million to £12 million.
The move follows the park’s failure to make the final shortlist for the Living Landmarks competition last month (AJ 25.10.07), which will hand out grants of between £10 million and £25 million next week.
The council has yet to secure funding for the park, and said it was willing to put forward £7.9 million of its own cash, although it will rely on £3 million of private sponsorship.
Speaking to the Birmingham Post, Summerfield said: ‘It was very disappointing we were not shortlisted in our bid for £25 million… the competition was very strong.
‘We expect that a lot of our partners will be anxious to contribute to the £3 million shortfall. I understand there is the possibility of substantial funding coming from a partner source, although I am not going to announce that today. Things are looking extremely positive.’