Is the budget blowout on the Christchurch Town Hall rebuild worth it?
The budget for the delayed Christchurch Town Hall project has blown out to more than $152 million – and the city council tried to cover up the latest increase.
Three years ago the Christchurch City Council told ratepayers they "did not expect" to pay more than the original $127.5m restoration cost. But councillors met in secret last week to discuss the latest $12m top-up, which takes the total budget to $152.2m, after it already ballooned to $140.6m.
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Poll: Are you starting to feel a lift in business confidence across the Canterbury region?
The Press reports that Canterbury is right in the middle of a construction boom, with activity forecast to peak around 2027 and major investment flowing into transport, water and energy infrastructure.
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40% Yes
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