But the millions loaned to the failed castle trust is unlikely to be repaid, the city council's said. Read what leader David Mellen had to say here:
BBC News
The revamp had been backed with a £13.9m lottery grant, £7m from the D2N2 enterprise group and around £5m from the city council. Mr Mellen said he was "saddened" by the news and appreciated the impact on the city but emphasised the castle and contents were not at risk.The castle and contents of its galleries are owned by the council, not the trust
He defended the use of a charitable trust as he said it was the best way to secure funding - but admitted mistakes were made, especially around the pricing.
Danmark Seneste Nyt, Danmark Overskrifter
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