Officials are still working towards a 'good product'

> Revised designs for the Sage arena and conference centre on the Gateshead Quayside

- DANIEL HOLLAND

NORTH East leaders are still working out whether a major Tyneside regeneration project can become “feasible”, councillors have been told.

Plans to build a 12,500-seat arena and an international grade convention centre on the Gateshead Quayside have stalled, with its costs having escalated substantially in the years since the “world class” development was first announced.

While the exact scale of the funding gap faced by the project has not been announced, Gateshead Council leader Martin Gannon said recently that it was “less than £100m”.