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The officers\u2019 report to councillors states the Concept Design and Business Case affirm the council\u2019s two-staged construction approach for the centre, and also outline how the centre should be operated and the benefits and impacts of delivering it.<\/p>\n
The shire has already committed $8.06 million and is seeking a further $28.9 million from grant programs and\/or state or federal election commitments to make up the full cost of $36.86 million for stage 1.<\/p>\n
Applications to the state Regional Tourism Investment Fund for $10 million and the federal Building Better Regions Fund for $8.06 million have been made, but shire officers warn in their report that \u201cthe inability to attract adequate external funding to deliver the full Stage 1 project is a significant risk to the project\u201d.<\/p>\n
\u201cThe project is included in council\u2019s advocacy priorities and it is a regular inclusion in conversations with politicians and candidates in this double election year.<\/p>\n
\u201cMultiple and ongoing applications to significant grant round continue and more will be required in the future to attract the $29 million in external funding to deliver the project.<\/p>\n
\u201cCouncil being successful with some grants but not securing the full $29 million required presents a difficult future decision of potentially handing money back, reducing scope of the project or council borrowing to fund the project.\u201d<\/p>\n
Stage 2, to be built in 2030, will cost a further $20.7 million.<\/p>\n","protected":false},"excerpt":{"rendered":"
CONCEPT designs and a business case for the new Surf Coast Cultural Centre have been revealed, with the centre expected to attract tens of thousands more visitors and support more than 800 direct and indirect jobs. To be built in the Surf City precinct and expand the existing Torquay Library, Australian National Surf Museum and […]<\/p>\n