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Barossa Hotel Costs Skyrocket, Developer Seeks Solutions

Published 3 weeks, 3 days ago
Description

Construction costs for The Oscar, a luxury hotel in Barossa Valley, have skyrocketed from $50M to $85-90M, threatening the projects start. Developer Warren Randall grapples with spreading costs, amidst struggling sales of premium organic wines and industry oversupply. He urges a third of Australias vines to be removed to stabilize the market.

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