THE cost of moving the Florence Hummerston kiosk about 100m at Elizabeth Quay has hit more than $16 million after the State Government made a secret compensation payout to the former operators of the Chinese restaurant.
The Government last month agreed to a confidential settlement which takes total compensation to more than $12 million to Fai and Wenny Wang — who operated the historic kiosk as Grand Palace — and possibly as high as $15 million.
The figure includes the $7.25 million advance payment already made to Wang Nominees and comes on top of $4 million in relocation and reconstruction costs.
Planning Minister Rita Saffioti could not comment on the payout figure but blamed the high cost on the former government.
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