Perth Stadium - Cost

Cost

The earlier design for Perth Stadium at Kitchener Park in Subiaco was expected to reach $1.1 billion, including $800 million on construction of the stadium itself and $300 million on associated infrastructure, property acquisition, escalation, transport infrastructure and other costs. Construction of the new stadium would have involved moving 27 private residences and moving residents from another 66 state housing properties surrounding Subiaco Oval. These state housing tenants would have been relocated within the Subiaco area. The project was going to be funded by the Government of Western Australia. Expected construction costs were based on a December 2008 start, with a four-year completion period.

Following the Barnett Government's announcement to move the site of the proposed stadium to Burswood, it stated that the stadium would cost around $700 million, with an extra $300 million allocated to public transport works. However, in December 2011 Premier Barnett stated that it was too early to say what the final cost would be, explaining that "No one can put a price on it until it's designed, until it goes out to tender".

The previous Government's Major Stadia Taskforce had earlier put the total cost of the Burswood stadium option, including transport needs, at $1.147 billion. This higher cost, comparative to the sites at Subiaco or East Perth, was mainly "due to the need to provide substantial transport infrastructure as well as the additional costs associated with site conditions (i.e. reclaimed flood plain and site previously used as the Perth Municipal Rubbish Dump which included industrial as well as domestic landfill up until 1971)." The West Australian newspaper has reported that due to an increase in construction costs since the release of the task force report in 2007, the total cost will be close to $1.5 billion, assuming work begins within two years.

The Australian Football League has agreed to help pay for Perth's new stadium at Burswood, although it has not revealed how much money it will contribute. However, the nearby Burswood Casino, which is expected to benefit commercially from the presence of the stadium, has not been asked by the Government to help meet the construction costs.

Read more about this topic:  Perth Stadium

Famous quotes containing the word cost:

    Each is under the most sacred obligation not to squander the material committed to him, not to sap his strength in folly and vice, and to see at the least that he delivers a product worthy the labor and cost which have been expended on him.
    Anna Julia Cooper (1859–1964)

    This people must cease to hold slaves, and to make war on Mexico, though it cost them their existence as a people.
    Henry David Thoreau (1817–1862)

    If music in general is an imitation of history, opera in particular is an imitation of human willfulness; it is rooted in the fact that we not only have feelings but insist upon having them at whatever cost to ourselves.... The quality common to all the great operatic roles, e.g., Don Giovanni, Norma, Lucia, Tristan, Isolde, Brünnhilde, is that each of them is a passionate and willful state of being. In real life they would all be bores, even Don Giovanni.
    —W.H. (Wystan Hugh)