Decision details

Marble Arch Mound - project and financial update

Decision Maker: Cabinet Member for Business, Licensing and Planning, Cabinet Member for Finance and Smart City

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

This report provides an update on the budget envelope required to enable delivery of all the activities associated with the delivery of the Marble Arch Mound (‘the Mound’) visitor attraction. The Mound is temporary 24m-high hill structure located at Marble Archwith a viewing platform at the summit. 

Decision:

That the Cabinet Member for Business, Licensing and Planning and Cabinet Member for Finance and Smart City:

a)     Noted the operational update and reported increase in costs; and

b)     Approved the forecast expenditure as detailed in paragraph 5.2 to cover all aspects of the delivery of the Mound.

 

Reasons for Decision

 

Since the initial CMR in May 2021 costs for the Mound have increased and therefore further Cabinet Member approval was required to draw down from the overall provision of £150m Oxford Street District investment budget.

Publication date: 19/10/2021

Date of decision: 19/10/2021

Effective from: 27/10/2021

This decision has been called in by:

Accompanying Documents: