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The Olympic legacy ..... LOL !!!!!
TOPIC: The Olympic legacy ..... LOL !!!!!
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Re:The Olympic legacy ..... LOL !!!!! 12 Years, 6 Months ago
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Total cost of all World Student Games venues (ALL still being paid for !) plus staging costs £658,000,000 (see BBC link above).
Don Valley Stadium cost £29million to build plus £25 million a year (till 2024) in interest payments and running costs.
The scheme was launched by loony Labour and the true costs revealed by the LibDems.
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THE final bill to Sheffield taxpayers from the World Student Games 20 years ago will be an “eyewatering” £650 million and won’t be paid off for another 13 years, The Star can reveal.
Less than half the debt - £296m - has been repaid so far and annual repayments of up to £30m will continue to eat into Sheffield Council’s budget until 2024.
The total, which increased dramatically through refinancing processes, is more than four times the original £147m cost of building venues for the 1991 Games.
www.thestar.co.uk/news/local/nearly-20-y...alf-to-pay-1-3193430
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