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  • Sun. Nov 10th, 2024

Mascot Towers repair expense to strike $53 million triggering owners to seek to offer

Mascot Towers repair expense to strike $53 million triggering owners to seek to offer

Updated.

April 16, 2020 13: 52:32

Continuous problems with the troubled Mascot Towers apartment might see the repair work bill blow out to more than $50 million, leaked emails expose.

Key points:

  • Preliminary price quotes put the repair costs at $7 million however that’s blown out to $32 million plus
  • An extra $215 million in interest on a 15- year loan will bring the final costs to $535 million
  • One house owner says the designer has entered into liquidation and can’t be delegated the expense

Mascot Tower

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