The new Vancouver Art Gallery's costs have surged by 50% to C$600 million, prompting significant changes in construction timelines and project management strategies.
Construction costs across Canada have increased significantly, with an escalation of up to 60% between 2020 and 2024, impacting the Vancouver Art Gallery's project.
The gallery aims to tackle rising costs through pragmatic adjustments, including changes to the building design and a revised capital project timeline to maintain financial prudence.
Herzog & de Meuron reaffirmed commitment to the project, emphasizing the collaborative effort to navigate challenges while aiming to deliver public value for Vancouver.
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