THIS WEEK IN 2000: New tower shock as developer is dumped

Portsmouth City Council dumped the developers of the millennium tower, putting the ill-fated project in jeopardy.

Wednesday, 10th January 2018, 6:00 am

In the latest humiliation of a tortuous saga council chiefs decided enough was enough and ditched the European consortium hoping to build it.

Sign up to our daily newsletter

The i newsletter cut through the noise

The company, Portsmouth Spinnaker Tower Ltd, was dropped after months of prevarication in which no contracts were signed to build or operate the 5ooft-high structure at the entrance to Portsmouth Harbour.

PST failed to meet a Christmas Eve deadline to sign contracts. Instead it submitted revised plans for developing the £23m tower in the shape of a spinnaker sail.

But the dithering forced the council to act to try to ensure the structure was built by its self-imposed deadline of August 2001.