Updated 17 November
The State and Federal governments have announced a combined $25 million in funding for the Cairns Performing Arts Centre: $10 from the Federal Government under the National Stronger Regions Fund, and $15 million from the 2016/17 State budget.
The funding commitments allow Council to reallocate $25 million to other community projects.
Updated 16 December
The original estimates for The Precinct project – which includes Munro Martin Parklands and the Cairns Performing Arts Centre – was $65 million.
Once the full scope of the project was done and design completed, the cost of Munro Martin Parklands was increased by $2 million.
The estimate cost of the CPAC was based on the concept only. Once detailed discussions were conducted with the users of the facility, changes were made to the original concept to fulfil these desires, incurring additional design costs and some costs to the construction of the building.
The total cost of CPAC is $71 million.