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
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 a temporary 24m-high hill structure located at Marble Arch, with a viewing platform at the summit.
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: