Wodonga council has announced today that stage one of the proposed Wodonga aquatic Leisure centre is set to cost $12.8 million and are seeking to extend that out to a further $25 million for stage two.
The announcement comes despite repeated warnings from the reserve bank to curtail government spending or face raising interest rates still further and pushing inflation sky-high.
At a combined $37.8 million, that’s a lot of coconuts for a project of dubious merit.
Wodonga council spokesperson Mark Florence says “We’ve been continually consulting with stake holders, like the swim club, the water polo club, schools, older groups. The community has had the opportunity to say … (what) they thought was important”
As long as “what they thought was important” was getting the mother of all pool complexes built on re-vegetated nature reserve compulsorily acquired by Wodonga council as housing estate.
People who thought Wodonga might benefit from say, a cinema, a performance arts complex, a permanent art gallery or a revamp of the aging library building evidently need to learn to swim as this is now the third pool for Wodonga in recent years.
Elephant Box rise estate (which used to be native forest) is part of $7.2 million worth of building work which was approved in January alone.
“During the last calendar year, Wodonga recorded an increase in the number of new homes built, with 228 residences at a value of $53 million approved, up 22 per cent on the previous year,” Wodonga Council chief executive Peter Marshall said.
22% well that’s obviously sustainable, of course what happens after a boom? another, even bigger boom surely, what else? everyone knows that.
The reserve have announced their twelfth interest rate rise and at 7.25% interest rates are at a twelve year high.
The reserve bank says pushing interest rates higher and higher is an attempt to curb spending and avert further inflation hikes.
I’m sure nothing bad could come of Wodonga council driving up the statewide increase in expenditure by hurling money around like they just inherited a mint….could it?
I wonder how many of the 228 houses Wodonga council approved last year will be foreclosed before construction is even finished due to interest rates pushing mortgage repayments up and up?