- 2003: Consultants Arup put total cost of building and staging the Games at £1.796bn
- 2003: Tessa Jowell launches bid in May telling MPs it will cost £2.375bn - including a 50% contingency
- 2005: Bid succeeds in July with "prudent" estimate of preparing for games of £2.4bn
- 2006: Tessa Jowell says Olympic Park costs up to £3.3bn
- 2007: Olympic Park budget now at £5.3bn - including regeneration and infrastructure
- 2007: Total budget, including contingency, security and tax, reaches £9.35bn
Friday, March 16, 2007
Your cut out and keep guide to spiralling Olympic costs
Courtesy of the BBC:
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2 comments:
I was supporting Paris.
As this is a project that will not be allowed to fail, the costs can only increase as construction firms etc will hold the taxpayer over a barrel. I'm sure economists already have a word to describe the phenomenon, but can we add 'Olympflation'?
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