Planning fallacy
The Sydney Opera House was expected to be completed in 1963. A scaled-down version opened in 1973, a decade later. The original cost was estimated at $7 million, but its delayed completion led to a cost of $102 million.
Michael Baume
Born in Sydney, Baume earned a B.A. from the University of Sydney, and before entering Parliament worked as a company director, journalist, author, music critic, stockbroker (he was a partner in the Sydney firm, Patrick Partners), television panellist and radio commentator. In 1967 his book on the controversies surrounding the creation of the Sydney Opera House, "The Sydney Opera House Affair", was published by Thomas Nelson and Sons.