Building work at Aviva Studios in Manchester was originally set to be completed by 2019.
The final cost of building a new arts centre in Manchester is now estimated at £242m - more than double the original budget.
Councillors heard more money was needed to finish the complex, which was once expected to be finished by 2019.Local Democracy Reporting ServiceIt has received £106m of funding from Arts Council England and the government, making it the biggest cultural scheme of its kind since the Tate Modern in London.
The new report to the council's executive revealed this would be for £22.2m - again to be funded by borrowing - taking the total cost of the project to £241.7m.Deputy council leader Luthfur Rahman said: "Almost 250,000 people attending shows as part of this year's Manchester International Festival have already enjoyed a first experience of the exciting possibilities of Aviva Studios.
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