NEARLY $20 million has been spent buying property to make way for the Launceston Flood Levee project.
The final figure for the land acquisitions on Lindsay Street is unknown with the most costly payout likely still to come.
Two of the 27 compensation claims, that stemmed from 15 compulsory acquisitions, are still to be settled.
This includes compensation to Boral for the acquisition of their land at Northbank.
The cement maker still occupies the site and one local developer said he understood it could be up to two years before the company left.
The Launceston City Council remains prepared to buy Boral a new environmentally friendly concrete plant in a strategy designed to lower the final payout cost.
All up the Launceston Flood Authority has spent $35 million on the levee project.
Several levees are still in progress or yet to be started including the levee at Inveresk.
The authority has extended the deadline for the project out to March next year.
Initially an earthen levee was planned for Inveresk but Launceston aldermen have opted for a concrete one to free up room for an anticipated student accommodation block.
One of the other levees also needs its height increased after it sunk more than expected.
A remedial design is expected to be submitted to the council next month for funding.
The flood authority was set up in 2009 to construct levees in the city that would withstand a 1-in-200-year flood.
It has since taken over responsibility for dredging the Tamar River.
Work on the flood levee backing on to Lindsay Street.
This story Administrator ready to work first appeared on Nanjing Night Net.