This is intended to be a list of white elephant developments with outrageously over blown budgets that will drag at any potential recovery in our economy. Please add your own with examples of alternative projects from Europe or nearby...
Aviva Stadium, Dublin
Construction Cost: EUR 410 Million
Millennium Stadium, Cardiff
Construction Cost: GBP 121 Million
Terminal 2, Dublin Airport
Construction Cost: EUR 600 Million
Floor Area: 75,000 square metres
Terminal 1, Barcelona Airport
Construction Cost: EUR 900 Million
Floor Area: 544,066 square metres
The costs of financing and maintaining these facilities will create upward pressures on other costs and wages in the economy and hamper our competitiveness going forward. How do we CTRL + ALT + DEL our debts and get this show back on the road?