An otherwise affluent Sydney council has said the redevelopment of its Olympic pool has left it financially "unsustainable", ...

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The North Sydney Olympic pool has blown out to $122 million. Picture: Renee Nowytarger Cr Baker said the rate hike was necessary due to “more than a decade of neglect by the former Liberal ...

Baker told the meeting the North Sydney Olympic Pool redevelopment was to blame for nearly 30 per cent of the required rates rise “and even more when we calculate the neglect of other assets due ...

Deputy Mayor Godfrey Santer, who voted for the rate rise, said the financial crisis faced by the council had “been building up for years and is deeper than the (North Sydney Olympic) Pool”.

An artist's impression of the finished redevelopment of North Sydney Olympic pool. (Supplied: North Sydney Council) North Sydney Council, among the five most advantaged local government areas in ...