Plans to build a Broadway Malyan-designed Sky Pier at Everton Park in Liverpool have been put on hold, after delays led to the loss of £900,000 of European funding.
Liverpool City Council said that it was still "absolutely committed" to the project, and was in talks with investment partners in order to put together alternative delivery plans for the scheme. The Sky Pier was scheduled to be completed by summer 2015.
Broadway Malyan won the design contest for the visitor's centre and exhibition space in March 2013, with a budget estimated at around £1.4m. The £900,000 European Regional Development Funding was given on the proviso that the scheme would be finished by autumn 2015.
In May 2014 the council estimated that costs had increased to around £2m, and agreed to underwrite £1.15m towards the project. Construction was due to begin by the end of 2014.
According to Mark Kitts, assistant director for regeneration at the council "you can almost add 50% to that [£1.15m] cost as a minimum. We've looked at a number of options to modify the sky pier to bring it back within that budget but they haven't been presented a viable or sustainable solution."
The plans for the Sky Pier featured a viewing platform with panoramic views across Liverpool, an information centre, event and gallery space, and a café.
Everton Park is owned, managed and maintained by Liverpool City Council. The Land Trust is a partner of the council and the Friends of Everton Park and is working to establish a sustainable approach to managing and maintaining the park.
Cllr Malcolm Kennedy, cabinet member for regeneration said: "We are still absolutely committed to the Sky Pier project. We are working hard with partners to identify ways of attracting the level of investment that is needed. If we are able to do that then the scheme is ready to move forward very quickly.
"We are also pushing ahead with other exciting projects to improve the park, including walking trails and other initiatives designed to make it a popular community green hub which benefits local residents. There is already a new heritage trail, a portrait bench highlighting the rich social history of the space, and the iconic and historic 'lock up' which features prominently on Everton Football Club's crest is permanently lit up. I think the future for Everton Park is really exciting and we are determined to put it on a par with some of the best parks in the world."
The alternative arrangements for funding Sky Pier are expected to be announced in the next few months.