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There’s a lot of arguing about the Spinnaker. Because it’s so tall you can see it from all around, but does this mean it’s a good thing for the economy? It’s really late. It was meant to be ready for the Millenium (so much for the “Millenium Tower”, it’s just been costing us money all that time too) and it’s not going to employ as many people as lost their jobs in the dockyard over the years. And it’ll take ages for them to get back the cost from people who go up it.
Portsmouth’s Spinnaker Tower is controversial in financial terms. At 170 metres (The Spinnaker Tower, 2014), it dominates the city’s harbourside and was expected to have a positive impact on the local economy. However, income from visitors to the tower, and the expected boost to the local economy from increased tourism and employment, was lost because the project was delayed several times (Dyckhoff, 2005, p. 14). It may take twenty-five years for income from visitors to equal the cost of construction (Dyckhoff, 2005, p. 15), and the local economy will probably be unable to recoup the lost income.
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