The Queensland government’s decision to renovate the Gabba means the cost of everything “goes up”, according to Australian Institute for Progress Graham Young.
“There’s only so much money to go around, and there’s only so many men and resources,” he told Sky News host Amanda Stoker.
“It sucks into a particular sector of the economy which isn’t necessarily productive, the cost of everything goes up with the Olympic games. “We have a housing crisis, there’s only so much steel, there’s only so much concrete, there’s only so many people that can actually lay those things down, turn them into buildings.”
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