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Olympic Village costs will now be paid by the UK taxpayer

Submitted by mstar on 14 May, 2009 - 10:58
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The government admitted yesterday that the £1.1 billion Olympic Village for the 2012 Olympic Games in London will now be paid for by the taxpayer after all private sector offers were turned down.

Two years ago the government claimed that the private sector would pay for the entire project.

Tessa Jowell, told MPs that she plans to recoup some of the cost by selling off the flats in London's East End after the games.

Tessa Jowell, told MPs that

Submitted by Arctophile on 4 June, 2009 - 21:06.

Tessa Jowell, told MPs that she plans to recoup some of the cost by selling off the flats in London's East End after the games?

What makes her think that anybody would actually want to buy them?

BOA helped out by emergency loan

Submitted by Arctophile on 17 June, 2009 - 13:13.

The British Olympic Association made a £1.5m loss last year and needed the organising committee for London 2012 to step in, the BBC has learned.

Where does the organising committee get this kind of money? No doubt it will now sneak back to Mummy Jowell and do it's impression of Oliver Twist!!

Typical of the Government to

Submitted by The Cockney Poirate on 28 May, 2009 - 23:58.

Typical of the Government to put the cost back onto the taxpayer....

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