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 is not attached to the forestay along the length of the luff, but only at the corners. Unlike a symmetric spinnaker, the asymmetric does not require a spinnaker pole, since it is fixed to the bow or bowsprit. The asymmetric is very easy to gybe since it only requires releasing one sheet and pulling in the other one, passing the sail in front of the forestay. Asymmetrics are less suited to sailing directly downwind than spinnakers, and so instead the boat will often sail a zig-zag course downwind, gybing at the corners. An asymmetric spinnaker is particularly effective on fast