Magazine - Melbourne's New Stadium Costs Blow Out

By Editor in General News on 29th Apr 2008 6:00

The cost of a new Melbourne super stadium that will house the Storm, Demons and Victory teams in a unique tri-code arrangement has blown out by $50 million, and Victorian taxpayers will have to foot the bill.

The stadium, to be built on public land near Olympic Park in the shadows of the MCG, will now cost $320 million to build, after the budget busted through the initial $270 million estimation. The Victorian Government will have to pick up the shortfall, with the Melbourne Footbal Club and the Olympic Parks Trust indicating they are unable to contribute further.

Storm will play its home games at the new arena from 2010, while Victory will split its commitment to the stadium with Telstra Dome. The Demons will base their administration at the site. News Limited today reported that the ground's tenants had confirmed the blow-out.The stadium, being built by the Grollo family's Grocon, is expected tp be finished by the end of next year.

Source: http://livenews.com.au/articles/2008

Read more articles in General News, by Editor or from April 2008.