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To echo my comment from the Melbourne thread. I think it’s a good thing and wish more governments would call off projects as soon as they realise the cost is going to blow out.
Better to waste a small amount of money up front, than an extra $4B later.
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Absolutely.
What I want to know though is how the costs blew out from $2.7bil to $6bil-7bil? I know they were only announced as having the games last year, but do we know when they would have done the proposal and budget? That’s an absolutely massive difference.
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I’ve seen construction quotes that have doubled in the last 2 years.
The construction sector has gone spastic in the last couple of years and contracts with hard completion dates are a license for trades to print money.
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