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Everton Bramley Moore Dock 'stadium costs escalate to £500m'

From BBC - January 10, 2018

The costs of building a new stadium for Everton have escalated by 200m due to inflation and the works needed at the site, the club has said.

Everton agreed a deal on Liverpool's waterfront in March 2017 for about 300m but that has risen to 500m.

Two-thirds of the money for the Bramley Moore Dock scheme is being secured through Liverpool City Council.

The club is finding the rest but chief executive Robert Elstone said they would walk away over high costs.

'Premium' location

During a General Meeting on Tuesday, Mr Elstone said: "There is a point at which the stadium will become too expensive so we have to keep a real close eye on that. Can we do that? I am confident we can.

"We still have a third to find, a third is a big number. It's a big financial commitment with long-term consequences on the club so we have to get it right."

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