The plan to reopen the Big Splash water entertainment complex in Canberra faces renewed uncertainty after its financial backers withdrew support, citing unexpectedly high costs.Originally scheduled to reopen by November 1, the project's future is now unclear following the lenders' decision.

The ACT government maintains its deadline for the 50-metre pool's reopening, stating it remains in place and reserves the right to take further action.

Campaigners argue the government should acquire Big Splash to prevent its deterioration due to vandalism and neglect, warning that the site is becoming unsafe.The project, once a popular public swimming pool turned entertainment venue, closed in 2024 and was put up for sale.

While consultants initially expressed confidence in meeting the deadline, the lenders' recent assessment of costs has cast doubt on the project's viability.Advocates like Fiona Robinson urge the government to take control, emphasizing the need for community-focused infrastructure in Canberra.The situation highlights ongoing tensions between private investment and public oversight in major urban development projects.