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Nottingham Post
Nottingham Post
National
Joseph Locker

MYSTERIOUS: Council leader explains 100 000 cost rise to transform beeston argos site | Mind Blowing Facts

A council leader has given his reasoning behind the need to spend £100,000 more than planned to transform an old Argos block. It is now understood the additional costs came about because there were wishes to better refurbish the building as well as increased labour market costs due to inflation.

The former Argos store in Beeston forms part of the the £50m Beeston Square redevelopment, which has the now-open Arc Cinema and bustling bar, The Beeston Social, as its centrepiece. Within it there are plans for a virtual reality gaming space on the first floor.

Council documents however revealed Broxtowe Borough Council required £100,000 more than planned to complete the scheme. The extra funds are to be financed "from prudential borrowing" the council says.

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