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flag Asbestos found in 2024 raised Melbourne F1 pit rebuild costs to $395M, delaying completion to 2028.

flag The cost to rebuild Melbourne’s Formula 1 pit facility has risen by $115 million to $395 million due to asbestos discovery at Albert Park, according to Victoria’s auditor-general. flag The finding, made in June 2024, triggered extensive cleanup and delays, with the state already spending $100 million in 2023 and 2024 to cover event shortfalls. flag The project, part of a 2023 agreement to keep the race in Melbourne until 2037, includes new garages, media facilities, and community spaces, with construction set to finish by 2028. flag Critics and the auditor-general raised concerns over transparency, budget mismanagement, and risks to the state’s broader infrastructure program.

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