House of Assembly Fifty-Fourth Parliament, Second Session (54-2) 54 2 Parliament of South Australia House of Assembly published Estimates Replies Lot Fourteen Lot Fourteen The Hon. S.C. MULLIGHAN House of Assembly Lee Lot Fourteen In reply to the Hon. S.C. MULLIGHAN (Lee) (25 November 2020). (Estimates Committee B) The Hon. R.I. LUCAS House of Assembly Treasurer The Hon. R.I. LUCAS (Treasurer): I have been advised the following: The initial approved whole of life expenditure budget for the Renewal SA component of the Lot Fourteen project was $432.7 million. This was subsequently revised to $424.5 million. The reduction is principally due to lower land tax payments payable by Renewal SA as a result of the government's land tax reforms. The expenditure budget includes a capital expenditure program of $315.7 million, with the balance relating to operating expenditure and holding costs. The whole of life capital expenditure budget includes: $95.9 million for renovation of existing heritage buildings; $101.2 million for demolition and site remediation; and $118.6 million for site infrastructure, public realm works and other capital costs.