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EICC will lose £60m if city rejects plans

posted 7 Dec 2009, 05:47 by David Rintoul   [ updated 7 Dec 2009, 06:25 ]

The Capital's flagship conference venue would lose nearly £60 million if an extension is not approved, it was claimed today.

The fate of the massive extension to the Edinburgh International Conference Centre will be decided at a crunch planning meeting on Wednesday. And a new report compiled ahead of the meeting estimates that refusing the proposals would lead to the council-backed centre losing £58.2m over the next 30 years.

In contrast, the report estimates that if the extension – which consists of a new underground area with offices above – does go ahead, the EICC would amass a surplus of £19.8m over the same period.

The figures, based on estimates by consultants, suggest the conference centre would be worth £2.34 billion to the city economy over the period if approved.