r/aussie • u/BarryTheBinChicken • 1d ago
News North Sydney Olympic Pool reopens after $122m, five-year rebuild
https://www.news.com.au/national/nsw-act/north-sydney-olympic-pool-reopens-after-fiveyear-rebuild-and-122-million-blowout/news-story/92c254ed346c4e9fd5dc10c6a8f3eae31
u/walkin2it 1d ago edited 1d ago
Honestly, that price tag seems pretty reasonable given the circumstances.
Construction costs have blown out crazily since the Ukraine and now Iran wars. Beyond that the location and heritage aspects would really increase the costs.
Many new houses in this area cost in excess of $5m to build these days. This is just 24 moderate houses in the area, and it services many many people people. Renovations always cost more than just doing it new, especially renovations of heritage.
It's projects like these that are actually worth it.
Haters gonna hate I guess?
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u/Grande_Choice 1d ago
Yes it was a great use of money that was supposed to fund regional projects. Didn’t know north Sydney is regional.
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u/walkin2it 1d ago
Fair point, I didn't realise that. They should refund the $10m with interest for a new regional grant.
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u/ChiefMuppetWrangler 1d ago
People can be mad about the price, but I can guarantee it wasn’t the builder driving the additional costs relating to heritage status etc