320 million Indoor Stadium for Perth

Egan · **Posted:** Mon May 16, 2011 11:54 pm

Rob wrote:

Egan wrote:

^ The problem is there is plenty of opportunity to make heaps of underground carparks everywhere else in that vicinity in the future (massive tracts of land). Could have allowed the private sector to build it and it sort of defeats the purpose of building it smack bang next to the busiest train station in the city.

The Car Park is also a few streets away from the business district, so its busiest time could have been during the weekend. Could very easily have done without it and let another company build one with the other 13 billion dollars of investment going into the immediate vicinity of the building.

In all fairness, the Arena site used to be a carpark before the development and always used to be full. Maybe they just did their sums and thought they could actually make a profit. How many car bays are in there? 3000? x $15 a day x 300 days and there's $13.5 million gross per year. No idea whether it's 3000 or 300 bays though.

You don't think they got majorly rorted by being charged a 100 million dollars of taxpayer dollars on the Carpark that delayed the construction of the venue by an extra year? That sort of lost productivity is not really worth it in my books. Especially with the Public Transport linked agenda that the Labor Government was trying to emphasise at the time.

Dodgy Michelle Roberts...

yob · **Posted:** Tue May 17, 2011 8:23 pm

Egan wrote:

Rob wrote:

Egan wrote:

^ The problem is there is plenty of opportunity to make heaps of underground carparks everywhere else in that vicinity in the future (massive tracts of land). Could have allowed the private sector to build it and it sort of defeats the purpose of building it smack bang next to the busiest train station in the city.

The Car Park is also a few streets away from the business district, so its busiest time could have been during the weekend. Could very easily have done without it and let another company build one with the other 13 billion dollars of investment going into the immediate vicinity of the building.

In all fairness, the Arena site used to be a carpark before the development and always used to be full. Maybe they just did their sums and thought they could actually make a profit. How many car bays are in there? 3000? x $15 a day x 300 days and there's $13.5 million gross per year. No idea whether it's 3000 or 300 bays though.

You don't think they got majorly rorted by being charged a 100 million dollars of taxpayer dollars on the Carpark that delayed the construction of the venue by an extra year? That sort of lost productivity is not really worth it in my books. Especially with the Public Transport linked agenda that the Labor Government was trying to emphasise at the time.

Dodgy Michelle Roberts...

A car park is 2 slabs of concrete. It has one employee. 0 if you replace them with a machine. They have no maintenance costs. Just tear it down after 40 years and pour more concrete. They are rivers of gold. Nothing with moving parts can beat that.

Rob · **Posted:** Wed May 18, 2011 1:19 am

Egan wrote:

Rob wrote:

Egan wrote:

^ The problem is there is plenty of opportunity to make heaps of underground carparks everywhere else in that vicinity in the future (massive tracts of land). Could have allowed the private sector to build it and it sort of defeats the purpose of building it smack bang next to the busiest train station in the city.

The Car Park is also a few streets away from the business district, so its busiest time could have been during the weekend. Could very easily have done without it and let another company build one with the other 13 billion dollars of investment going into the immediate vicinity of the building.

In all fairness, the Arena site used to be a carpark before the development and always used to be full. Maybe they just did their sums and thought they could actually make a profit. How many car bays are in there? 3000? x $15 a day x 300 days and there's $13.5 million gross per year. No idea whether it's 3000 or 300 bays though.

You don't think they got majorly rorted by being charged a 100 million dollars of taxpayer dollars on the Carpark that delayed the construction of the venue by an extra year? That sort of lost productivity is not really worth it in my books. Especially with the Public Transport linked agenda that the Labor Government was trying to emphasise at the time.

Dodgy Michelle Roberts...

I dunno, maybe. On the face of it that could be the case. But it might just be that this parking lot will bring in a lot more $$$.

Because let's be honest, the arena itself isn't going to give much of a financial return, just like stadium WA won't either.

Egan · **Posted:** Wed May 18, 2011 6:32 am

^ Westpac Stadium is making 5 mill NZD a year.

I'd be surprised if Stadium WA didn't make that much either.

Rob · **Posted:** Wed May 18, 2011 8:41 pm

Egan wrote:

^ Westpac Stadium is making 5 mill NZD a year.

I'd be surprised if Stadium WA didn't make that much either.

Sure, if you ignore the capital cost. Which is a lazy $1 billion for Stadium WA.

Unless you call $5m pa return on $1b a decent financial return. Even $50m is pretty sh*t.

Egan · **Posted:** Wed May 18, 2011 9:41 pm

^ Better than losing money like a few other stadiums. If they don't have to be subsidised, its a one off payment.

Rob · **Posted:** Wed May 18, 2011 10:14 pm

Egan wrote:

^ Better than losing money like a few other stadiums. If they don't have to be subsidised, its a one off payment.

I'm not saying it's wrong, just that it gives the government a shitty, shitty return. Whereas the parking lot probably provides an excellent return, especially in a CBD location.

yob · **Posted:** Thu May 19, 2011 12:33 pm

Egan wrote:

^ Better than losing money like a few other stadiums. If they don't have to be subsidised, its a one off payment.

Well, blue is better than green, so I think the sky is a better investment than grass. So nyer.

Boba Fett · **Posted:** Tue Sep 06, 2011 4:18 pm

http://www.smh.com.au/wa-news/mould-signals-another-blow-for-perth-arena-20110906-1jvcs.html

Dear God, WA can't get ANYTHING right with their stadiums!

Mouldy and now budgeted at $500m.

the crow · **Posted:** Tue Sep 06, 2011 8:32 pm

Too funny......half a bukin billion.....

Rob · **Posted:** Wed Sep 07, 2011 1:15 am

There's nothing funny about vapour lock.

Egan · **Posted:** Wed Sep 07, 2011 2:28 pm

Quote:

''The arena is alleged to have had problems with water leakage and seepage from its underground car park, which may have contributed to this problem.''

Read more: http://www.watoday.com.au/wa-news/mould ... z1XEY0c8B0

COS THERE IS BLOODY UNDERGROUND STREAMS AND SWAMPS THAT RUN DURING HEAVY RAINFALL

:cry:

This underground carpark is why the venue has caused all the budget overruns...so very dodgy.

Boba Fett · **Posted:** Wed Sep 07, 2011 3:30 pm

Egan wrote:

Quote:

''The arena is alleged to have had problems with water leakage and seepage from its underground car park, which may have contributed to this problem.''

Read more: http://www.watoday.com.au/wa-news/mould ... z1XEY0c8B0

COS THERE IS BLOODY UNDERGROUND STREAMS AND SWAMPS THAT RUN DURING HEAVY RAINFALL

:cry:

This underground carpark is why the venue has caused all the budget overruns...so very dodgy.

Er, did the builders not realise this before they started? Is it just incompetence, or are taxpayers getting scammed again?

Egan · **Posted:** Wed Sep 07, 2011 4:19 pm

Government ineptitude!

Biggest problem was adding a 100 million dollar carpark by Labor (didn't originally have one) and commencing at the start of a boom. The desire to have a 'landmark' building also has added to the expenditure. Its part of the Billion dollar Northbridge Link Project...

Egan · **Posted:** Fri Jan 27, 2012 9:40 pm

http://www.venueswest.wa.gov.au/cproot/ ... etball.pdf

After the disaster of this stadium development (oh what a surprise) The Wildcats are going to have near on 15,000 seats to sell for games. Really looking forward to going to the games, went past it today and the building itself is complete. Just have to put the fancy colours on the outside and obviously the internal structure. Should be ready for the opening of the NBL season...

320 million Indoor Stadium for Perth

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