ALFRED McAlpine will not build the new home of the Milton Keynes Dons Football Club after eight months of turbulent negotiations with the League One outfit finally disintegrated this week.
Both client and contractor were considering a cost plan which had been revised for the sixth time after McAlpine's estimate came in £9 million over the club's budget.MK Dons - formerly known as Wimbledon - expected the project to be completed for £35 million.
But Alfred McAlpine priced the 30,000seater stadium at £44 million.
A source at McAlpine said: 'The project is simply not affordable and we see no other solution.
'We are not pulling out but the way it appears now is that MK Dons will have to find a new contractor to build the stadium.
'We simply can't meet their cost.
'We will be looking to ensure the club reimburse us for the detailed designs and work we have put in to date.'
The source added: 'The project was ambitious with MK Dons being relegated into League One.
'But it doesn't make it any less disappointing that it now appears over.'