Picture this.
Tasmania wants to enter the AFL - Australian Football League competition. The governing body said they must build a new stadium first. Stadium will cost upwards of $1 billion dollars.
Plans were approved; stadium will go ahead at a huge cost to the local community and the Australian public (jointly funded by the AFL, the Federal and State Governments)
Lo and behold, yesterday the consortium responsible for building the stadium has removed a major component of the stadium infrastructure. A two-storey underground carpark will no longer be built. The original plan was for a three-storey car park housing 532 car bays.
At a cost of $100 million, does that mean the total cost of the stadium will be reduce by that amount?
I bet the stadium will overrun it’s total cost by at least 30%