The Courier-Mail reports Brisbane flood cost City Council $440 mil.

The Brisbane City Council area has a population of around 1.05 million people living in around 400,000 households, meaning the City Council’s clean up and repair costs add up to around $420 per resident or $1,100 per household.

Lord Mayor Campbell Newman is hoping the Commonwealth & State Governments and insurance companies pick up a large part of the bill, so the Council only has to pay between $20-50 million – i.e. $50 to $125 per household.

Mr Newman is looking for budgetary savings. Scrapping the river walk, which would cost $75 million to replace, is a no brainer, given it’s a luxury and has very high maintenance costs. Also Council could indefinitely delay the rebuilding of City Cat terminals in areas well-serviced by buses or trains, particularly Toowong.