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.
Emirates Spinnaker Tower a single internal lift and stairs available as emergency escape routes, disabled people were not allowed to access the tower if they would be unable to use the stairs because a minimum of two escape routes are required by law. This problem was rectified by investing in an evacuation chair, and training staff to use it. In the event of evacuation, should the internal lift be inoperable, those unable to navigate the 570 steps can use the evacuation chair. The Spinnaker Tower, being a landmark of southern England, features in the title sequence of the BBC South Today news programme.