Convention centre, Lakeview costs up

The rising costs of the Queenstown Lakes District Council's proposed convention centre and Lakeview subdivision have been revealed in its draft 10-year plan.

Council chief financial officer Stewart Burns said the original $52.5million estimate for building the convention centre had been inflation-adjusted to just under $55million.

Also adjusted were the working capital in the convention centre's first two years of operation ($1.64million) and supporting infrastructure upgrades ($1.42million), bringing its total cost to $58.05million.

The council plans to fund the controversial project through a ratepayer contribution of $31.35million (inflated from $30.9million) and, depending on central government approval, external funding of $26.7million (up from $25million).

The council has estimated the cost of subdividing the 10.7ha Lakeview site at almost $11million over five years.

That consists of $5.85million for capital works such as roads and public space, $1.42million for convention centre-related infrastructure upgrades, and $3.69million for infrastructure such as water, sewerage, parking, roading and footpaths.

Besides the convention centre, redevelopment of the site could include a 150-room hotel, 185 high-density residential units and 6500sq m of commercial and retail businesses.

Mayor Vanessa van Uden told the Otago Daily Times there were no changes to the concept design for the convention centre since it was presented to the public last year.

The draft plan was adopted for public consultation at the council's monthly meeting on Tuesday.

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