https://www.bbc.co.uk/news/entertainment-arts-63131003?at_medium=RSS&at_campaign=KARANGAA major new arts venue in Manchester has seen its budget rise by another £25m, taking its total cost to £211m.
That is £100m more than the original estimate for the Factory International, due to open next year.
Manchester City Council blamed high inflation as part of the "extremely challenging wider environment the project is being delivered in".
It said "we must not lose sight of" how the benefits "for many years to come will far outweigh the one-off cost".
The venue would create or support 1,500 jobs and bring in £1.1bn to the economy over a decade, the council said.
The rising costs were down to "exceptional levels of inflation, workforce shortages and supply-chain disruption exacerbated by the war in Ukraine," it said.
