The provincial capital commission could be spending up to $1.75 million more on seismic upgrades to Victoria's old Canadian Pacific Steamship Terminal. Back in May 27, 2010 the government authorized the commission to spend $3.25 on those upgrades. But, almost a year later, that amount has been increased to $5 million. That increase comes after Oak Bay Marine Group president Bob Wright - who submitted a bid to be the building's new tenant - penned a letter to the Times Colonist in which he revealed the commission was facing "significant cost overruns" on the project. Following that revelation, the minister responsible Ida Chong told the Victoria News's Roszan Holmen those overruns totalled between $1.5 and $2 million.
May 26, 2011