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 deploying and retrieving the spinnaker a much easier task. The sock is a long fabric tube with a ring in one end to hold it open. Since the spinnaker is stored in the sock, the first step is to set up the sock. Two lines are attached to the sock; one is attached to a bridle on the ring, for pulling the sock down, and one is up the inside, from the ring, through the top, and back down, for raising the sock; these lines may be two ends of the same line, to form a loop. The head of