Hundertwa$$er

The future of the Hundertwasser Art Centre (HAC) is uncertain. A staff report tabled at a recent Council meeting confirmed losses for the current year (to the end of June 2023) are likely to be around $800,000 and between $450,000 and $550,000 next year.  It says. The report said, “Without council intervention and support, the Trust will become insolvent and will be liquidated…”

The council is now drawing on a contingency fund set up to cover operating losses, but most of that funding has been drawn or will be drawn within the next 12 months. In short, the WDC and the Trust will need to turn the losses around. It will be hoping for a recovery in international tourists, but questions are again being asked about its long-term viability and the potential ongoing costs to ratepayers.  

The council report may be found here >>> (agenda item starts on page 118)