new venue by BG and BE1. Although NCC was NOK 8 million more expensive than the cheapest bid, they offered four months shorter construction time. Briskeby's lot needed to be expanded, which was done by purchasing neighbor lots for NOK 34 million. Hamar stadion and the neighbor lot Fuglsetmyra were sold for NOK 295 million in June 2007, of which NOK 9 million was paid to BG and another NOK 175 million was a guarantee which would be paid after the lot was re-regulated. Construction was financed through a loan of NOK 218 million from Handelsbanken, which was secured on the revenue which would be generated from the sale of Hamar stadion and Fuglsetmyra. However, the bank was not willing to lend money secured on the basis of sales price of Hamar stadion being based on the re-regulation of the lot. The municipality was pressed on time by the possibility of NFF denying Ham-Kam the right to play at Briskeby. Hamar Energi Holding AS (HEH), which owns Hamar Municipality's share of Eidsiva Energi, had large assets. Both HEH and BE1 had as chair Hans Kolstad, who proposed that HEH could issue a guarantee of NOK 75 million for BG and BE1—which was issued in September 2007. This allowed construction to start, but the project was still under-financed by NOK 50 million. HEH therefore issued another guarantee the same month, for NOK 58.75 million. Because of delays in the regulation work, HEH issued another two guarantees, NOK 60 million in March and NOK 25 million in June 2008. In August 2007, the stadium was planned to be built in three stages, with a combined budget of NOK 156.6 million. The first stage would involve the northern and western sides and cost NOK 78.4 million, the second stage would involve the eastern side and cost NOK 43.0 million, while the third stage would involve the southern side and cost NOK 35.1 million. After construction started, BG changed two specifications, moving public rest rooms from the basement to the ground floor, and changing the angle of roof. Both of these gave increased construction costs and alteration of the architectural design plans. During this entire period, BE1 was insolvent. The bank, therefore, required that the entire sales price of Hamar stadion be transferred to BG, even though NOK 50 million was to go to the construction of Børstad Idrettspark (BIP). Therefore, Hamar Municipality decided