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A ceremonial groundbreaking for a new performing arts centre in New Brunswick's capital was held Monday as cost uncertainty still hangs over the multimillion-dollar project.
“Will costs go up? will things change?” Yerxa said, speaking with reporters afterwards. “Yes, through individual tenders, some will come in high and some will come in low. And we’ll have a lot more information on the costing when the tenders go out in the spring.” A breakdown last fall showed the cost of construction was estimated at nearly $82 million, with several partners paying the bill. The city has promised $22.6 million, but is willing to go as high as $24 million. Ottawa and the province have said they’ll contribute a combined $46.6 million.
“We’ve budgeted for cost overruns,” said Yerxa, who first began talking about the project more than a decade ago. “We’ve anticipated inflation and escalation. The last time we did costing, we anticipated the timing of when the tenders would go out.” The playhouse’s annual report in 2023 showed 56,000 spectators came through the old building, which was used nearly half the days of the year.
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