Quote:
Originally Posted by king10
$50M is definitely a lot of money, but 3 years ago, reno of the lower bowl alone was estimated at $68M, that didn't include much in terms of exterior renos.
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And that $68m half-arena renovation, laid out in the
June-August 2016 report commissioned by four of the 'Precinct Group' partners and prepared by Brisbin Brook Beynon Architects, would potentially have cost
upwards of $100M (before inflation) if executed to an elevated standard. The report's project budget was redacted as commercially confidential, but it would be known to those who commissioned the study. From the scope of work that emerged at council in
April 2017, we can surmise that the $68M partial upgrade doesn't include all the bells and whistles.
Roof Repair:
$2.5M
Elevator & Escalator Repair:
$4.3M
Facade: $????
My guess is that the public-facing production value will be allocated to concessions and corporate boxes, where the partners will actively recoup their investments. A lot of the necessary technical upgrades to the facility will never be visible to the public… you could pile $25M into the facility that would be invisible to event-goers. The reality is that this arena will be dark two thirds of the year and their principal tenant can fill 25% of the seats. They'll err on the side of caution given how much money they have earmarked for other developments.