From Ross Crockford at Focus. Mr. Crockford will be CFAX today at 1PM discussing this project.
A pool of money, Olympic-sized
http://www.focusonvi...mpic-sized-r11/
ON FEBRUARY 16, Victoria councillors agreed to direct City staff to draw up plans to replace Crystal Pool, at a cost of up to $69.4 million, and to hold a referendum, likely at the end of 2017, that could see the City borrowing up to $60 million — the largest amount in its history. But Victorians are going to be asking many other questions before we see the one on the referendum ballot.
Do we really need a new pool? Six years ago, a report by CEI Architecture said Crystal’s mechanical and electrical systems had “effectively reached the point of failure” and the pool was at risk of “immediate shutdown.” Last December, a followup study by HCMA Architecture + Design estimated that refurbishing the pool would cost $41 million and add 30 years to its life, while a $69.4-million replacement would last 50 years. There’s not much difference in per-year costs, but HCMA claimed a new facility would tap into a “latent demand” for swimming, resulting in a 22 percent increase in use.
Why so expensive? HCMA recommended a 50-metre new pool, based on surveys of some 1200 people (presumably most of them current users), and estimated it would cost $35 million to build. The other half of the $70-million budget is taken up by “soft costs” (design, project management), escalation, and funding for contingencies. This means the City won’t have to drain its reserves to cover overruns as it has for the new Johnson Street Bridge. [Full article]