Olympic Scheme
Olympics 2012
Olympic Fund: Raided
Olympic Lottery
Olympic Torch
A subsidy from the taxpayer to support a football team appears to be the interpretation of legacy. Years before a stadium is (inevitably) built at enormous cost:
£496,000,000
Leyton Orient for some reason is the right flavour presumably and Barry Hearn as Orient's owner asserts:
This is a similar 'gift' that Manchester enjoys after the 2002 Commonwealth Games. Something has to be seen to be done, the effective white elephant having served its financial purpose after just over two weeks(27th July - 12th August 2012). With an average gate of just over 5,000 and reduced seating to 25,000 (from 80,000) to accommodate legacy athletics' meetings there should be plenty of space. The appearance will be 'playing' to an empty house, but that's a small price to pay for such a huge, prestigious, and essentially free, venue.
If the seating is reduced by nearly 70% what then happens to the unused area? Cycling is a long-standing competition sport in the Olympic Games (allegedly a competition) and has already had its Eastway Cycling Circuit bulldozed. The 'promised' replacement velopark has been downsized by around 70%. This does mean that the space creation of this 70% area will become available for sale and development of the 'much-needed affordable homes'. The term affordable is (presumably) jargon used by housing developers in the quest to sell their products. This 70% is becoming a very in vogue figure. It would appear that the East End is only one place in England to rise to a new dawn while many others enjoy an expensive twilight where the future outlook is a tad bleaker.
There is a herd of white elephants already gathering on the horizon. Lord Seb Coe's promise to leave a legacy for athletics has invisibly materialised in a future as a minimum of 20 days in each year for Grand Prix meetings, national trials and schools' championships. This is perverse logic since the perceived legacy is left to the nation five years before the event that will create that legacy. In any one future year after 2012, that only leaves 345 days vacancy on the proposed schedule. The stadium tenant will provide only the maintenance costs of the purpose of the as-yet-unbuilt stadium and that would include the occasional lighting requirement and mundane things like toilets that will have been constructed to match a population of 80,000 for about
Leyton Orient for some reason is the right flavour presumably and Barry Hearn as Orient's owner asserts:
"I take it over for nothing and I give them a legacy is how it works". According to Hearn: "For the East End the Olympics is the dawn of a new era and for Orient this deal offers the first crack of a new dawn". And: "We've all got egos. What club wouldn't like to give their address as The Olympic Stadium. I could puff out my chest an extra inch or two".
This is a similar 'gift' that Manchester enjoys after the 2002 Commonwealth Games. Something has to be seen to be done, the effective white elephant having served its financial purpose after just over two weeks(27th July - 12th August 2012). With an average gate of just over 5,000 and reduced seating to 25,000 (from 80,000) to accommodate legacy athletics' meetings there should be plenty of space. The appearance will be 'playing' to an empty house, but that's a small price to pay for such a huge, prestigious, and essentially free, venue.
If the seating is reduced by nearly 70% what then happens to the unused area? Cycling is a long-standing competition sport in the Olympic Games (allegedly a competition) and has already had its Eastway Cycling Circuit bulldozed. The 'promised' replacement velopark has been downsized by around 70%. This does mean that the space creation of this 70% area will become available for sale and development of the 'much-needed affordable homes'. The term affordable is (presumably) jargon used by housing developers in the quest to sell their products. This 70% is becoming a very in vogue figure. It would appear that the East End is only one place in England to rise to a new dawn while many others enjoy an expensive twilight where the future outlook is a tad bleaker.
There is a herd of white elephants already gathering on the horizon. Lord Seb Coe's promise to leave a legacy for athletics has invisibly materialised in a future as a minimum of 20 days in each year for Grand Prix meetings, national trials and schools' championships. This is perverse logic since the perceived legacy is left to the nation five years before the event that will create that legacy. In any one future year after 2012, that only leaves 345 days vacancy on the proposed schedule. The stadium tenant will provide only the maintenance costs of the purpose of the as-yet-unbuilt stadium and that would include the occasional lighting requirement and mundane things like toilets that will have been constructed to match a population of 80,000 for about
2 weeks
27th July-12 August 2012 then reduced to an average 5,000. And that's only the projection for a few weeks in any one year after 2012. Maintenance costs fade and disappear into the £496m construction cost - for the very expensive two weeks:
27th July-12 August 2012 then reduced to an average 5,000. And that's only the projection for a few weeks in any one year after 2012. Maintenance costs fade and disappear into the £496m construction cost - for the very expensive two weeks:
£9.3 billion Funded by the taxpayer
Just don't tell the taxpayer the little details:
Just don't tell the taxpayer the little details:
- When will the debt be finally settled?
- That Montreal fiasco of 1976
- The Olymic Lottery
- What is the total interest charge?
- How much will the overall debt be?
By 2050 these concerns
SHOULD
be well forgotten
posted by Louis Brothnias @ 1:18 am
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