Sydney Fish Market is entangled in a financial crisis, just as his $ 1 billion taxpayer is approaching funded building.
The delayed financial statements of the company still have to be published, but it will post a loss of $ 8 million in 2023-24 and has retained insolvency experts, sources told the Sydney Morning Herald.
The auditors were afraid that it would not be able to pay the increased costs related to the new building with two levels, which is double the current site.
It comes for five years in the faltering construction of a new market that has cost taxpayers at least $ 836 million.
The building is expected to open in November after it was originally planned to open last year.
The controversial project has been criticized by the 38 tenants of the company, who have claimed that it does not have enough power to meet their cooling needs.
Once completed, the company will go to the new building under a lease agreement with the government that was signed in 2019.
Infrastructure NSW has confirmed that it will hand over the building later this year.
The new Sydney Fish Market (depicted artist's artist) has taxpayers at least $ 836 million
The new building is expected to be opened in November after it was originally planned to open last year
Sydney Fish Market has refused the trade while insolvent and it it states that it remains viable.
“We have no reason to believe that this will change in the near future,” said it in a statement.
'It takes longer than expected to complete our financial results due to mitigating circumstances related to the one -off transition to the new Vismarkt in Sydney.
'Currently, our priority remains to guarantee a seamless transition to the new, iconic Sydney Fish Market facility on Blackwattle Bay.
“We finish the bills with the right level of Due Diligence, and these will be submitted this quarter.”
The company placed a loss of $ 6.3 million for 2022-23.
