Fairfield Halls revamp leaves council £69m out of pocket

A multimillion-pound cost overrun on Fairfield Halls' refurbishment has left Croydon Council with a £69m bill.

The ill-fated project, budgeted at £30m and expected to take two years, was meant to be funded by development profits from a neighbouring site. That development has been cancelled.

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Building work on the arts venue overran by a year, with total costs escalating to £69.3m and more expenditure ahead. The council says this either relates to work that was not fully specified in the contract, or work that is beyond the original scope of the refurbishment.

Consultants have been appointed to survey the building, review the contract documents, assess the works needed and estimate the likely costs.