Revealed: the true cost of Olympics
With a possible final bill of £8bn London’s 2012 Olympics could be the most costly sports event ever, says a report obtained by The Observer. Why were the original figures so much lower?
By Denis Campbell
Sunday November 19, 2006
The Observer <http://www.observer.co.uk>
City Hall, Ken Livingstone’s egg-shaped headquarters in the shadow of Tower Bridge, hosted many of the meetings, press conferences and receptions that paved the way for London’s unexpected but euphoric victory last year in the race to stage the 2012 Olympics. Last Wednesday morning it was the scene of a much more sombre and fractious gathering that will be remembered as the moment when the optimism surrounding that triumph gave way to the complicated and expensive reality of bringing the world’s greatest sporting event to Britain….