Everyone knows that building projects can go wrong. Whether it’s delays, cost overruns or legal disputes, there are a number of things standing in the way of a perfect completion.
Here, we take a look at some of the most disastrous building projects that have played out in the public eye that even the project rescue team at Rische couldn’t save.
(Image courtesy of https://en.wikipedia.org/wiki/Millennium_Dome)
Dubbed one of the biggest flops in the history of public building projects, the Millennium Dome was reported in the press as being badly thought-out and badly executed with everyone wondering what was going to happen to it afterwards. A prime example of a project going over budget, the original estimated cost to the lottery was £399million whereas the total cost of The Dome at the liquidation of the New Millennium Experience Company in 2002 was £789million. So much extra capital was required due to the disappointing visitor numbers after the Dome opened its doors.
The Millennium Dome is not the only project to run into financial trouble. In fact, the 1976 Montreal Olympic games were coined “the bankrupt Olympics” thanks to the lavish stadium known as the “Big O”, but turned out to be the “Big-Owe”. In 2006, the people of Quebec finally paid off the £1.5billion debt from the games after costs spiralled out of control. To add insult to injury, the Stadium’s retractable roof hasn’t worked properly for years and almost forced the closure of the arena last year amid safety concerns. It just goes to show how damaging it is to the finished product when control of any aspect is lost.
(Image courtesy of https://en.wikipedia.org/wiki/Olympic_Stadium_(Montreal))
Dubbed another colossal waste of money in the media, Brazil’s World Cup stadiums were a case of negative PR. They were criticised for their opulence and locations with stories dominating the media of homes being raised to the ground for them to be built, leaving people of Brazil homeless. There was also an issue with safety after three workers died during the construction of one, and overspending when the materials had to be shipped from Europe to construct it. Also, the pitch was reportedly sprayed green to mask its poor condition ahead of the match between Italy and England, due to the climate. Although a huge boost for the economy, Brazil is arguably not the ideal location for an event like this where such mammoth building work is required.
(Image courtesy of https://en.wikipedia.org/wiki/2014_FIFA_World_Cup_venues)
If you have questions about a building project and would like some advice, or perhaps you want to find out about our project rescue services, contact the team at Rische today on 0161 877 6200 or email@example.com.
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