Eurobodalla Shire Council has awarded a $58 million contract for work due to begin next month on the Mackay Park Arts and Aquatic Centre.
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ADCO Constructions was successful in its bid to build the facility on the site of the former Batemans Bay Bowling Club.
A council spokesperson said ADCO was a national company whose projects included "the NSW Rugby League Centre of Excellence, Pimpama Sports Hub on the Gold Coast, the Hawthorn and Craigieburn leisure and aquatic centres in Victoria, and the Shellharbour City Hub"
"They will also build Waves Aquatic Centre in Sydney," the council said.
ADCO's NSW state manager John Basilisco said the company had completed more than 40 sporting projects around Australia.
NBRS Architecture has designed the facility, which will replace the existing 50-metre outdoor pool with an indoor multi-pool aquatic centre, four water slides and splash parks.
The centre will house meeting rooms, a gym,a 350-seat theatre, visitor information centre and a café.
View a video of the planned facility here.
Eurobodalla Mayor Liz Innes welcomed the next step.
"The council is thrilled to have a company with the experience of ADCO Constructions on board," Cr Innes said.
"Not only will we soon have a wonderful new facility open all year-round, but its construction will also provide a big boost to our local economy at a time when we need it most," she said.
"Following the impacts of the bushfires, projects like this give us hope - they show us we have confidence to invest in our future and the future of our children."
The council said it had set a total project budget of $69 million.
"This covers all costs including project management, design, environmental assessment and related studies, legal and professional services, fees and charges, furniture fittings and equipment, construction costs and a contingency of $6 million," the spokesperson said.
"The construction contract is worth $58,082,810. The cost to Council, which excludes GST, is $52,802,554.
"The project will be funded through $51 million in grants from the NSW and Australian governments. To fund the difference, Council is using $4 million of loan funds, along with s94 developer contributions and some cash reserves from infrastructure renewal, real estate disposal, and crown reserves funds, as well as some proceeds from the sale of Moruya Racecourse and Southern Phone. There are no land or asset sales proposed to fund construction of the facility."
Funding for the project has been the subject of some controversy, with three councillors voting against the decision to move to tender and some in the community calling for full disclosure of business plans.
The ALP labelled the decision to proceed "a mistake" and Coila resident Jeff de Jager fears ratepayers will have to foot future bills.
A council spokesperson said savings of $747,500 has been negotiated since the July 28 decision to approve the budget.
"Further potential savings continue to be investigated with ADCO," the council said on Monday, August 17.
Cr Innes welcomed state and federal financial support.
"Thanks to these partnerships with local government, projects like this one are within the reach of smaller regional communities like ours," she said.
The existing pool will be demolished soon and the project is due for completion "early in 2022".