Thursday, March 15, 2007

A Games By Any Other Name

Such as Scam or Boondoggle. The inevitable is happening to the Cursed Winner:

The budget for the 2012 London Olympics has risen to £9.35bn, Culture Secretary Tessa Jowell has told MPs.

Construction costs were now estimated at £5.3bn, she said - which compares with an initial £2.4bn budget. There is also now a £2.7bn "contingency fund".

The rest of the budget increase comes from extra security and tax costs. To help pay for the games £675m more will be taken from the National Lottery.

The Tories said she had lost control of costs which had trebled in a year.

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