Remember That Olympics Bid?
- It has been reported that the cost of the 2012 London Olympics could soar to £9 billion, almost four times the original estimate.
The BBC says that the Treasury and the Department for Culture, Media and Sport are discussing the price, up from the £2.35 billion set out in London's bid document.
The Government reportedly believes construction alone could cost £3.3 billion, with an extra £2 billion allocated as a contingency fund.
Just for comparison purposes, £9 billion translates into about $17 BILLION US dollars. You think the Machine and the Daley connected construction firms aren't drooling in anticipation of a $17 billion dollar payday?
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