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Public Accounts Committee report Feb 2012

Preparations for the London 2012 Olympic Games Feb 2012 report


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Public Accounts Committee Feb 2012 Report

Summary

The Olympic Delivery Authority’s programme is on track and within budget. The Delivery Authority’s management of its building programme has been exemplary. However, due mainly to significant increases in the cost of venue security, the likelihood of staying within the overall £9.3 billion Public Sector Funding Package is very finely balanced once the Department’s own best estimates of the most likely costs are taken into account. The Funding Package of £9.3 billion allocated to the Olympics does not cover the totality of the costs to the public purse of delivering the Games and their legacy, which are already heading for around £11 billion.


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Loughborough BOA Security alert! 'marquee' athletes being kitted out

Now it's the turn of Loughborough University and Leicestershire Constabulary to get up the nose of the British Olympic Association! It's already being charged £750,000 to use the facilities at Loughborough for Team GB but it is now facing a further charge of £1million for security.


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VIP Lanes: we'll take the low road and they'll take the VIP lanes

By Mike Wells, posted 16th February 2012, edited 17th Feb 2012

For security reasons there will be no commercial flights within 18 miles of the Olympic stadium for the duration of the Games. This will mean that VIPs and heads of state will not be able to use their preferred mode of transport - the helicopter - they will have to slum it with the rest of us on the roads.


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Dow: London's 2012 Perfect Olympic Sponsor

By Mike Wells , posted 29th December 2011, edited 11th January 2012Campaigners Against DowCampaigners Against Dow

A recent sponsorship deal has seen the London Organising Committee for the Olympic Games accept money from Dow Chemical. Dow will provide a fabric "wrap" which will be placed around London's Olympic stadium.

According to Britain's Guardian newspaper the wrap's purpose is to reduce wind inside the stadium.  But, as the metaphor says ...


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The true cost of tickets for the Olympics: community and workplace organising?

from Corporate Watch

Official prestige tickets for the 2012 Olympics, which include food and drink, are going to be some of the most expensive in the history of sport, at £4,500 per person.

These tickets cannot be sold as single tickets, but only in blocks of ten. In addition, conditions of purchase will mean that an individual or company buying hospitality tickets for the opening or closing ceremonies of the Games will have to pay a minimum of £270,000, because seats for other events much also be bought at the same time. The only sports tickets to ever be more expensive were those for the 2011 Super Bowl in Texas at £5,545 each. However, once tax is added, the Olympics tickets become £5,400, so together with the ‘minimum buy’ requirements the tickets are not far off the most expensive sports tickets in history.


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Getting a leg(acy) up

by Stuart Fuller

Here is a little secret for West Ham United and Tottenham Hotspur awaiting the decision on who will get the Olympic Stadium next week. Whisper it quietly, but football fans rarely want to watch football in an Olympic Stadium. Why do I say that? Well a simple look at similar structures around the world, built for non-football events reveals quite a bit. The prospect of an Olympic Games being awarded to a city sends them into construction meltdown, over promising and in most cases under delivering on the legacy of the games. The whole story of whether a stadium will have an athletics track or not is not a new thing. We all know that at the end of the day politics will win the day, and we have seen all sorts of stories in the past few weeks about who will do what when/if they win the bid.


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