Southbank Centre suspends £120 million redevelopment, seeks funding within three months

The Southbank Centre has suspended its £120 million redevelopment project, giving itself three months to secure alternative funding. This comprehensive plan included modernizing the Queen Elizabeth Hall and Hayward Gallery, adding new facilities, and constructing a glass pavilion. A controversial aspect involved transforming the iconic Undercroft skate park into retail units. Mayor Boris Johnson has publicly supported skateboarders fighting to preserve their space. The Evening Standard reported the suspension today, highlighting the funding crisis threatening the ambitious cultural infrastructure project.