& # 39; She can't hold another month & # 39 ;: Desperate Mascot Towers owners considering filing for bankruptcy after they have agreed to pay more than $ 1 million for emergency work
- The residential tower in the south of Sydney has been empty since 14 June
- Residents are forced to find an alternative or temporary accommodation
- They are desperately looking for a solution if they cannot return home
The owners of units in the creaking Mascot Towers are considering filing for bankruptcy because the costs keep rising.
The 131-tower block in southern Sydney has been empty since June 14 due to & # 39; rapid decline & # 39; in the basement of the building.
Residents are forced to find alternative or temporary accommodation after it is revealed that they may not be admitted to the building for up to a year.
The 131-tower block in southern Sydney has been empty since June 14 due to & # 39; rapid decline & # 39; in the basement of the building
Owners have also refused to use the money offered by the state government because it is interest-free, which they fear will eventually have to pay it back
Owners have also refused to take the funds offered by the state government for fear that they will eventually have to pay back the money.
Owner and real estate agent John Higgins said that Mascot Towers owners feel the stress.
& # 39; She needs rented out her apartment. She can't hold another month, & Mr 39 told Mr Higgins to news.com.au about a unit owner.
Engineers are set to monitor the deterioration of the building from month to month.
Residents have already agreed to pay $ 1.1 million for emergency work.
There is an estimate that future repairs of the 11-storey building will be more than $ 5 million. The price could rise if the engineers continue to inspect the building.
Cracks in the basement of the ten-year-old building were widened in the run-up to the last minute of evacuation
"People who certify these buildings are not responsible, as are engineers who are not registered with a unique body," said Tucker.
Brian Tucker, another owner of the apartment, said that someone should be held responsible for the deterioration of the Mascot Towers.
& # 39; It's very frustrating. There are many unanswered technical questions that are still very frustrating, & he says on Thursday evening.
& # 39; People who certify these buildings are not responsible, just like engineers who are not registered with a unique body.
& # 39; It is very frustrating when certifiers can set up a business, perform certifications, and then close the business. & # 39;
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