Emirates Spinnaker Tower mid-2005. Because of the six-year delay in opening and not having been ready for the Millennium as planned, the tower was renamed as Spinnaker Tower. The overall development project was over budget, with the tower costing £35.6 million alone. Taxpayers were never intended to fund the tower, but Portsmouth City Council eventually contributed £11.1 million towards construction. In March 2004, Portsmouth Council's former leader Cllr Leo Madden resigned as leader of the Labour Group on the council after a highly critical report of the council's handling of the project and its failure to exploit revenue opportunities, such as the Millennium.
Spinnaker sheet or the tack is released and the sock is pulled down, gathering the sail. The halyard is then dropped and the sail may be packed away. A spinnaker chute is usually a tube or aperture in the deck close to the forestay, for the launching and recovery of the spinnaker. They are most commonly found on modern dinghy designs, and updated older classes. To allow recovery of the spinnaker into the chute, one or more recovery patches are fitted to the spinnaker, to which the tail of the spinnaker halyard is attached or passed through. The spinnaker and its