Closed Sydney Indoor MX Dome owes more than $7.6 million to contractors and investors
Media reports have indicated that the Sydney Indoor MX Dome, closed at the end of last month less than a year after its opening, owes an estimated $7.699 million to contractors, investors and staff.
As part of a NewsLocal investigation into the failed business, the Blacktown Advocate today revealed a total of 11 creditors who worked on the construction of the facility are owed a total of $799,611.
A further $5.9 million is owed to three investors who basked the vision of Western Sydney motocross enthusiasts Mattew and Barbara Bartolo, Directors of the now closed venue.
Last week, NewsLocal revealed staff had joined investors and contractors in their fight for payment, after allegations superannuation was not paid were revealed.
Contractor creditor Full Scope Electrical Services Director Jason Freer is owed the most, with an outstanding bill of $246,572, while KSF Racing is owed $123,431 in unpaid work completed.
An estimated $100,000 is still outstanding for dome constructor DUOL, while NewsLocal also revealed All Pavement Solutions has an estimated outstanding payment of $100,000.
Other contractors joining creditors in liquidation battles include Master Fabrication NSW owed $91,520, Grays Plumbing owed $48,261.40, Alert Fire Protection Services with unpaid bills of $18,334, Lane Access Group with $15,950 outstanding and Complete Response Solutions owed $8000.
Grays Plumbing owner Todd Gray said dealing with the stress of COVID-19 and fighting for payment on a job worths tens of thousands of dollars “makes you want to give up the game”.
Gray told NewsLocal “unfortunately, I have had to deal with this type of issue of non-payment before.
“For us, payment issues started from day one where payments were short, we were told that we would receive instalments.
“But during the project we stopped work and waited for payment to come through otherwise we would be in even more trouble.”
Gray said he was disappointed he issued certification on the completion of works before receiving payment, adding “but we were told the place needed to open, with certification, to be paid”.
Sydney Indoor MX Dome director Barbara Bartolo confirmed the funds owed to creditors “seems correct” in a response to NewsLocal.
She said the investor “was a partner” in the business and obtained control of it.
Images: Motocross action inside the Sydney Indoor MX Dome (top) and the exterior of the facility (below).
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