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Govt to fund extra $16m for spiralling costs of Christchurch’s long-awaited sports facility – Stuff

KAI SCHWOERER/Stuff

Parakiore will be the country’s largest indoor sports and aquatics facility when it opens in late 2023.

Another Christchurch earthquake rebuild project is facing cost increases into the millions of dollars – but this time the Government is picking up the tab.

The price tag of the long-awaited Parakiore Recreation and Sport Centre has increased by $16 million to $317m, and is likely to climb further once Covid-related costs are added.

The Government committed the additional $16m to the project late last year, a spokesperson for Crown company Ōtākaro, which is in charge of building the central city sports facility, said last week.

The extent of the additional Covid-related costs would not be finalised until later next year.

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The additional money would cover the increases in costs for resources, materials and shipping, which were being experienced across the global construction sector, he said.

Rising costs have also been held to blame for a $150m cost blowout for Christchurch’s planned new stadium.

However, unlike with Parakiore, Christchurch City Council is leading the stadium project and is responsible for finding the additional money.

KAI SCHWOERER/Stuff

The Government is having to stump up an extra $16m to fund spiralling costs of materials and shipping.

The council’s contribution for Parakiore has been capped at $148m and, once complete, the council will own and operate the building.

Parakiore will have a 10-lane, 50-metre pool with 1000 seats for spectators, a diving pool, five hydroslides and several indoor courts for various sports.

Work started at the site, on the corner of Moorhouse Ave and Antigua St, in August 2018 and at the time was expected to be finished late 2021.

Supplied

The cost to build Christchurch’s long-awaited Parakiore Recreation and Sport Centre has increased by $16m to $317m and the price tag is likely to climb further once Covid-related costs are added.

The completion date has since been pushed out a number of times and is now expected to be “the latter part of 2023”.

The Ōtākaro spokesperson was not willing to provide a specific date or even month for its finish until the building was much closer to completion.

Once constructed, the council will have six to eight weeks to commission the building before opening it to the public.

Ō…….

Source: https://www.stuff.co.nz/the-press/news/128880079/govt-to-fund-extra-16m-for-spiralling-costs-of-christchurchs-longawaited-sports-facility

KAI SCHWOERER/Stuff

Parakiore will be the country’s largest indoor sports and aquatics facility when it opens in late 2023.

Another Christchurch earthquake rebuild project is facing cost increases into the millions of dollars – but this time the Government is picking up the tab.

The price tag of the long-awaited Parakiore Recreation and Sport Centre has increased by $16 million to $317m, and is likely to climb further once Covid-related costs are added.

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KAI SCHWOERER/Stuff

Parakiore will be the country’s largest indoor sports and aquatics facility when it opens in late 2023.

Another Christchurch earthquake rebuild project is facing cost increases into the millions of dollars – but this time the Government is picking up the tab.

The price tag of the long-awaited Parakiore Recreation and Sport Centre has increased by $16 million to $317m, and is likely to climb further once Covid-related costs are added.

<p class="sics-component__html-injector si…….

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