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V&a Museum Price Tag Almost Doubles To £80 Million


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Yeah, I think we all probably knew how under estimated the last figure was though.

£80 million isn't really a lot of money in government spending terms. The new Olympia was around £35 million and that was considered quite a tight budget for a project like that (they delivered quite well from how small that actually was).

This is our focal point attraction and along with the other improvements, it will make a big difference to the prosperity of the city.

A lot of people over simplify these things and just see the headline figure and think it should just be distributed as welfare of education spending but in fact, over the period of time this is being built, it's minuscule and wouldn't have any real impact if spent just on welfare, education or nhs. It would also never be recovered.

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I'd go the whole hog now are build it out into the Tay like the original plans, would be far more striking and would probably double the budget. Funny how people will get up in arms (no pun intended) over the costs involved but dont blink an eye to the costs of stuff like Trident etc

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Never thought I'd see so many folks swallow Mike Galloways p1sh...

£35m for a swimming pool Harry?  Sounds like you've gone hook, line and sinker into this "vision" for Dundee of the future.

ID

35 mill for a pool and a couple of chutes. 80 mill (final cost will be 100 mill) for a museum which 80% of Dundonians will visit once.

Yet we have an 'international' airport that flies to Jersey and Belfast and whose main use is for people getting flying lessons.

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Its only 80 million nothing to moan about, just send the poor people to the foodbanks.

There is a great quote I heard once, it was something like 'the government can convince you 20 million pounds is a lot of money or no money' and it sort of holds true.

£80 million on a major capital project is pretty insignificant. If you want something to moan about then look at our UK wide £57.9 billion PER YEAR defence spending or even our £23 billion transport budget which basically serves to prop up private companies.

What are we reasonably going to do with £80 million to directly help people who are struggling? If we do put it into the main government budget, it'll just end up going to pay debt interest. We have to remember that this money doesn't really exist outwith this purpose, it's a large group of people basically speculating to accumulate so the amount of proper government money we could get is probably only like 5-10% of that so we're down to about £8 million.

If it were to go directly to health, that'd be 0.006% of the total UK budget (multiply these figures by around 10 for Scotland's budget), welfare it'd be 0.004% of total spend. Unfortunately, direct welfare spending is necessary but it's ridiculously inefficient so we need to find ways to stimulate local economies and create employment or just to encourage people to spend their money as it's more likely to actually improve an individuals life who is currently struggling day to day.

Although we do need to give people immediate help and get as much support to them when we can, it is a lot more beneficial to pick good capital projects that will encourage people to spend their money as we can increase the tax base and have more money to support those struggling and use it to give some opportunities that would have never arisen otherwise.

Let's forget the headline figure here, this doesn't really cost £80 million. In fact, it might end up costing £100-120 million in construction terms but that's not what is important here. To put it in perspective, Dundee tourism alone is worth around £137 million a year to the local economy. This benefits real people and gives them a livelihood. Tourism in Dundee seems to be non-existent on the face of it so keep that figure in mind and imagine how much 300,000-500,000 more visitors a year that will bring in. 

The headline figure is highly misleading as a lot more money is going to be made. Even if it's a failure and people have overestimated, it won't lose money from what will be going into the local economy.

35 mill for a pool and a couple of chutes. 80 mill (final cost will be 100 mill) for a museum which 80% of Dundonians will visit once.

Yet we have an 'international' airport that flies to Jersey and Belfast and whose main use is for people getting flying lessons.

Like I said above, it doesn't matter about how many Dundonians will visit. It should benefit everyone by making a more prosperous city and generating money for the local economy where people are struggling. 

Don't see what your point is with the airport, it's an absolutely tiny amount of money. A few years back, it was making a loss of around £2 million and given that it's contributing to the £137 million a year generated to the city, it's not really an issue.

It's a daunting task to help people at the bottom but none of them are poorer because we built a swimming pool, museum and operate an airport.

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I am in the middle o' getting my hoose decorated, much of which I am managing to dae masel.

However being an auld hoose wi' twa sma bedrooms, w'i twa sma (unused fireplaces) in each, this wis an opportunity to remove them .... and gie us a wee bit mair space. In doing so it revealed dampness in the connecting walls (bear with me please) 

This meant of course further work and additional work/costs, which was explained to me by the specialist brought in.  Frankly I am no quite sure I knew whit he wis talkin'aboot ... but price eas agreed and accepted.

The point I am making here is not whether the huge increase V&A costings is justified, and is still money well spent ........ it is just about the porcess of costing a project of this size. Obviously I know nothing at all on these matters.

Going back to my hoose for a minute. When the guy gies a cost of say a grand fir the joab, then has to add anither few hundred fir the extra work ..... then although I'm no exactly sure whit's happening, or even happy aboot it, it's basically jist a case o' ....."Aye right, that's fine, jist go ahead"

But whit I cannae envisage is the "costing group" explaining their pricing in detail, how the £40M price was reached (how do they work that  oot) ..... and the buyers of the service, coming to an agreement o the basis of ......"they after all are the "experts" and although basically we have no idea how the reached that price with such accuracy, it must be OK ....... so we all agree to accept"

Then a few months pass, back the "experts" come again .....

"Slight error initially in costing ..£80M .No as stated previosly £40M."    Aye OK then !!

How much faith after that  can you have in either party ?

( I'm still gettin sleepless nights thinking aboot the watter runnin doon, meh damp walls, and the few hundred pounds extra that has went on tae the initial pricin' o' my joab !! )

I might come back on the more serious  issue .....In the present financial climate, where people are suffering poverty and personal hardship, is this £80M  the kind of money we should be spending on these kind of projects, at this time ?

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