The recent failure of Nottingham Castle has cost the city council at least £590,000 in terms of both lost income and fees to keep the building going. Nottingham City Council has not yet confirmed a reopening date for the Castle, which closed in November after the trust running it went into liquidation.
A reopening date was originally set to be revealed in January, but the council said at the end of last month it was "not yet in a position" to make an announcement and gave no further indication of when one would be made. Papers due to be presented at a council meeting on February 21 now show the cost incurred as a result of the Nottingham Castle Trust collapse.
In a report on the council's budget monitoring for the third quarter of the 2022/23 financial year, the council is forecasting an overspend of £13.6 million altogether. The vast bulk of this predicted overspend is down to extra costs in the council's finance and resources department, as well as for the delivery of adult social care and children's services.
