
So the pomp has started, along with the countdown. Boris is chipper, so is Tessa….. Oh yes, the Olympics are on track….London 2012. And the various talking heads spouting forth about what legacy this sporting event will leave.
Well, I can think of one in an instant…debt. Originally the Olympics was supposed to cost the taxpayer something in the region of £2.4 billion. It now stands at an astronomical £9.3 billion (and it could go beyond £10 billion). Oh, and private finance was supposed to sub the rest…but there’s an economic crisis. Yes, there’s smiles from Boris and Tessa while the costings spiral out of control.
But once the Olympics have been and gone, what then? What will happen to the venues and apartments (half, apparently will be ‘earmarked’ for social housing).
And well I never…someone is making a profit…!
The other legacy coming out of the Olympics was grassroots sports projects but funding has failed to materialise. And lets not forget the raids on public money to fund this 2 week elitist spectacle.
Well, I for one will be definitely out of London come the grand event…..